Patricia Wells

Tesla is recalling nearly all Cybertrucks in the U.S. due to a potential safety issue. The company announced this recall on Thursday, affecting over 46,000 vehicles made between November 2023 and February 27, 2024. This marks the eighth recall for the Cybertruck since January of this year. The recall is necessary because an exterior stainless-steel … Read more

The U.S. Chemical Safety and Hazard Investigation Board (CSB) is looking into a tragic incident that took place at the PEMEX Deer Park Refinery in Texas on October 10, 2024. During the event, two contract workers lost their lives due to a release of hydrogen sulfide gas, a highly toxic substance. On that day, maintenance … Read more

Greenpeace has been ordered to pay over $660 million to Energy Transfer Partners LP after a jury found the environmental group liable for defamation and conspiracy related to protests against the Dakota Access pipeline. This ruling came from a North Dakota court, where the jury decided that Greenpeace’s actions during the protests nearly a decade … Read more

Munich Re has announced its acquisition of Next Insurance, a digital insurance company that will join its primary insurance business, Ergo. The deal values Next Insurance at $2.6 billion. Notably, Ergo already held nearly 30% of Next Insurance’s shares, and Munich Re was an early investor in the company. The acquisition is set to close … Read more

RiverStone International has made a significant move by signing a deal with Pacific Valley Insurance Co., a subsidiary of Lyft. This agreement involves a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal will take effect on January 1, 2025. Guy Carpenter acted as the broker for this transaction. RiverStone International is … Read more

The European Union’s law enforcement agency, Europol, has raised alarms about the growing threat of organized crime fueled by artificial intelligence. In a recent report, Europol highlighted how AI is not only enhancing traditional criminal activities but also intertwining with state-sponsored efforts to destabilize societies across Europe. This warning was issued during the launch of … Read more

A severe weather outbreak has hit the Midwest and Mississippi Valley, affecting around 170,000 properties. This event, which took place from March 13 to 16, included at least 98 tornadoes across the central and southern United States. CoreLogic, a data analytics firm, estimates that the reconstruction costs for the properties in the tornado paths could … Read more

Property owners are feeling less satisfied with their insurance companies, according to the latest findings from J.D. Power’s 2025 U.S. Property Claims Satisfaction Study. Higher premiums and longer wait times for claims are key factors contributing to this decline in satisfaction. The study shows that the average time for a homeowner to receive final payment … Read more

Major automakers and technology companies are urging the Trump administration to take action to accelerate the rollout of self-driving cars. They are highlighting regulatory challenges that are slowing down progress in this important sector. The Alliance for Automotive Innovation, which includes nearly all major car manufacturers, sent a letter to Transportation Secretary Sean Duffy. They … Read more

A recent ruling by the 1st District Court of Appeals in Florida has brought some relief to insurers facing complaints from policyholders. The court overturned a significant jury award of $541,257 against Homeowners Choice Property and Casualty Insurance Co. This decision emphasizes the responsibilities that homeowners have after a loss. The case involved homeowners Thomas … Read more