U.S.-based corporations spent nearly $4 billion of their legal budgets on class actions last year, making...
Robotaxi Bet Risky for Tesla
Tesla is making a risky bet if it shifts efforts on its small-car vehicle platform to robotaxis as the successful introduction of vehicles that drive themselves is in the distant future.....
Tesla is making a risky bet if it shifts efforts on its small-car vehicle platform to robotaxis as the successful introduction of vehicles that drive themselves is in the distant future.....
Article / 1 month ago
What Industry Executives Are Saying About Loss Reserves and Social Inflation
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
Article / 2 months ago
Mitchell: EV Collision Claims Up 40% in 2023
The frequency of claims submitted for repairable electric vehicles (EVs) rose to its highest level in 2023, ending the year at 1.97 percent in the U.S. and 2.86 percent in Canada, according to...
The frequency of claims submitted for repairable electric vehicles (EVs) rose to its highest level in 2023, ending the year at 1.97 percent in the U.S. and 2.86 percent in Canada, according to...
Article / 2 months ago
State Farm Underwriting Loss Climbs to $14B
When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant’s history....
When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant’s history....
Article / 2 months ago
Fire Risk Prompts Hyundai Recall of More Than 90,000 Genesis Vehicles
Hyundai is recalling more than 90,000 Genesis vehicles due to a fire risk and owners are advised to park outside and away from structures until a repair is completed.
Hyundai is recalling more than 90,000 Genesis vehicles due to a fire risk and owners are advised to park outside and away from structures until a repair is completed.
Article / 3 months ago
Study: Autonomous Truck Market Surging
The demand for autonomous trucks is estimated to increase from $3.3 billion in 2023 to reach $6.9 billion by 2028, according to a new study by BCC Research.
The demand for autonomous trucks is estimated to increase from $3.3 billion in 2023 to reach $6.9 billion by 2028, according to a new study by BCC Research.
Article / 3 months ago
Stricter Regulation of Autonomous Vehicles Called for in California
California lawmakers and labor unions rallied on Monday to call for laws to not allow autonomous trucks without human drivers, amid rising safety concerns after...
California lawmakers and labor unions rallied on Monday to call for laws to not allow autonomous trucks without human drivers, amid rising safety concerns after...
Article / 3 months ago
U.S. Guardrail System No Match for Heavy Electric Vehicles
Electric vehicles that typically weigh more than gasoline-powered cars can easily crash through steel highway guardrails that are not designed to withstand the extra force, raising concerns...
Electric vehicles that typically weigh more than gasoline-powered cars can easily crash through steel highway guardrails that are not designed to withstand the extra force, raising concerns...
Article / 3 months ago
Long Road Back to Streets for GM’s Cruise After Safety Review
General Motors’ Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human...
General Motors’ Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human...
Article / 3 months ago
Former U.S. Road Safety Chief Confidant Agency Can Regulate High-tech Vehicles
In the past 15 months, no one has been more responsible for safety on the nation’s roads than Ann Carlson. For much of that time she has served as acting...
In the past 15 months, no one has been more responsible for safety on the nation’s roads than Ann Carlson. For much of that time she has served as acting...
Article / 3 months ago
