USAA to Acquire Insurtech Noblr to Offer Its Members Usage-Based Auto Coverage June 16, 2021 Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance. USAA, a Texas-based insurer focused on members...
A.J. Gallagher Acquires Ontario’s Excess Underwriting Co. June 16, 2021 Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency...
Royal Caribbean Delays Cruise Launch After 8 Crew Test Positive for COVID-19 June 16, 2021 By Nivedita Balu Royal Caribbean Group said on Wednesday it would delay the inaugural sailing of its Odyssey of the Seas cruise liner...
Managed Care Firm Centene to Pay $55.5M to Settle Mississippi Overcharging Claim June 16, 2021 JACKSON, Miss. — A managed care company has agreed to pay Mississippi $55.5 million to settle a lawsuit that accused...
U.S. Water, Power Cyber Networks Are Shockingly Vulnerable to Hacks June 16, 2021 By Kartikay Mehrotra When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early...
Biden Regulators Plan Safety Standards for Truck Brakes, Autonomous Vehicles June 16, 2021 By Tom Krisher DETROIT (AP) — In a reversal from Trump administration policies, U.S. auto safety regulators say they will move to require...
Centene Reserves Additional $1.1 Billion to Settle Pharmacy Disputes June 16, 2021 By John Tozzi Centene Corp. agreed to pay settlements to Ohio and Mississippi to resolve claims that it inflated pharmacy costs, and the...
Investors Ask SEC for More ESG Disclosures as Companies Resist: Analysis June 16, 2021 By Katanga Johnson Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental,...
COVID Crisis Cuts Global Macro Resilience, Raises Insurance Protection Gap: Swiss Re June 16, 2021 By L.S. Howard The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18%...
Lockton Re Launches Bermuda Office Led by Former Aon Executive Davies June 16, 2021 Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, announced the launch of its Bermuda...