Edition:
India

Suzanne Barlyn

Tesla automated parking problems seen liability of app 'driver' for now

05 Oct 2019

Tesla Inc owners summoning their driverless cars in parking lots are likely liable for crashes, lawyers said after a series of internet videos showed problems with cars running new software.

Tesla automated parking problems seen liability of app 'driver' for now

05 Oct 2019

Oct 4 Tesla Inc owners summoning their driverless cars in parking lots are likely liable for crashes, lawyers said after a series of internet videos showed problems with cars running new software.

UPDATE 1-Six U.S. insurers to pay $1.83 mln for improper annuity-swapping -New York regulator

24 Sep 2019

Sept 24 Six U.S. life insurers have agreed to pay a total of $1.83 million for improperly causing customers to switch their existing annuities to a different type that generated less income, New York State's financial regulator said on Tuesday.

CORRECTED-Six U.S. insurers to pay $1.83 mln for improper annuity-swapping -New York regulator

24 Sep 2019

Sept 24 Six U.S. life insurers have agreed to pay a total of $1.83 million for improperly causing customers to switch their existing annuities to a different type that generated less income, New York State's financial regulator said on Tuesday.

Aviation industry expects double-digit insurance premium hikes after 737 MAX grounding

20 Sep 2019

MONTREAL/NEW YORK The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co's 737 MAX jets following two fatal crashes, insurance executives said this week.

Chicago brokerage to pay $1.5 million for cyber attack lapses -U.S. CFTC

13 Sep 2019

Sept 13 The U.S. Commodities Futures Trading Commission (CFTC) said on Friday that a Chicago-based futures brokerage will pay a total of $1.5 million for letting cyber criminals breach the firm's email systems and withdraw $1 million from a customer's account.

Insurer Starr sues to rescind coverage of lawyer Avenatti's plane

07 Sep 2019

Sept 6 An insurance unit of Starr International Company Inc on Friday sued Michael Avenatti, the combative lawyer known for his battles with U.S. President Donald Trump, to rescind coverage of an airplane that Avenatti used, according to a court document.

U.S. Federal Reserve floats plan to set capital requirements for some insurers

06 Sep 2019

The U.S. Federal Reserve Board unveiled a proposal on Friday that would establish requirements for insurance companies it oversees to set aside capital.

Leave room for the firetruck: Insurers help design mansions to tame disaster losses

31 Aug 2019

NEW YORK Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned.

Tesla rolls out insurance in California

29 Aug 2019

Tesla Inc said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles.

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