Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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In Tesla Autopilot Probe, US Prosecutors Focus on Securities, Wire Fraud

U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking …

Wed May 8, 2024 17:13
International General Insurance Holdings Begins Trading at Lloyd’s on May 9

International General Insurance Holdings Ltd. announced it will begin trading for the first time at Lloyd’s on May 9, 2024, demonstrating the company’s long-term commitment to the London market. Located in the Lloyd’s underwriting room at One Lime Street, IGI …

Wed May 8, 2024 16:13
Markets/Coverages: Marsh Launches Insurance for EU Crypto-Asset Service Providers

Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU), which are required to comply with the forthcoming Markets in Crypto-Assets Regulation …

Wed May 8, 2024 13:58
Worsening Weather Igniting $25 Billion Weather Derivatives Market

Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …

Wed May 8, 2024 13:58
Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO

Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 …

Wed May 8, 2024 11:58
Typhoon Season in Northwest Pacific Seen Less Active Than Normal

Typhoon activity in the Northwest Pacific region is expected to be about 20% below normal this year, forecaster Tropical Storm Risk said in its first outlook of the season. The London-based group said it expects 15 typhoons, seven of which …

Wed May 8, 2024 11:58

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