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The team and its billionaire owner are suing their insurer for denying claims under its $400M business interruption policy.
Elon Musk's move to pay the Tesla board's insurance out of pocket emphasizes the benefit of captives amid galloping D&O rates.
Several insurers are returning some money to customers as widespread shutdowns from the coronavirus cut down on driving.
The battle over business-interruption losses is heating up.
The almost $30 billion transaction combines the world's second- and third-biggest insurance brokerages.
Merck was stunned when most of its insurers denied cyber coverage. Why? Because its policies excluded another risk: an act of war.
The electric-car maker is offering online quotes through its website and plans to expand the service throughout the U.S.
The insurer is adding a service to all of its California home and landlord policies.
Musk has bristled for years at how some Tesla customers have paid higher insurance rates.
Ride-sharing giants Lyft and Uber have created their own captive insurers in Hawaii.