Billionaire Elon Musk’s electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case. Lawyers …
A ban on assault weapons that Connecticut put in place after the Sandy Hook Elementary School shooting is constitutional, a federal appeals court said Friday, as it rejected challenges by gun rights advocates who claim it violates the Second Amendment. …
A serial arsonist in Lavaca County, Texas pleaded guilty to one count of felony vehicle arson and admitted to starting six hay bale fires dating to 2024, the Texas Department of Insurance announced this week. The Hallettsville Police Department arrested …
Investigators with the North Carolina Department of Insurance searched an insurance agency and a home in Salisbury after reports that insurance premiums had not been used to secure policies. “The N.C. Department of Insurance has received several consumer complaints regarding …
Alive Risk, the Sports, Leisure and Entertainment managing general underwriter of Ryan Specialty Underwriting Managers, the underwriting management division of Ryan Specialty announced that Scott Carroll has joined Alive Risk to serve as Underwriting Director of Entertainment Programs, reporting to …
The Trump administration’s order to halt work on a nearly completed wind farm off the coast of Rhode Island threatens grid reliability and jobs and defies explanation, business and government leaders from New England said on Monday. State leaders in …
Following a massive fire on Friday at an automotive lubricant plant in southeast Louisiana, residents are reporting soot on cars and oily residue in nearby bodies of water. But Gov. Jeff Landry said that there is no indication of an …
The Missouri Department of Commerce and Insurance (DCI) announced the state’s mutual insurance companies reported a considerable reduction in net losses from $17.7 million in 2023 to just $4.8 million in 2024. In 2024, mutuals managed 205,000 policies representing more …
Reinsurance underwriting remains disciplined, with terms and conditions and attachment points largely intact, despite signs of rate moderation, according to an AM Best market segment report. During the January 2023 renewals, the global reinsurance market saw a significant recalibration, which …
Two homes on the North Carolina Outer Banks sit precariously in the high waves with their days seemingly numbered. Since 2020, 11 neighboring homes have fallen into the Atlantic Ocean. While the swells from storms like Hurricane Erin make things …