Qorus and Accenture have launched the eighth Innovation in Insurance Awards, inviting insurers and insurtechs to submit their entries in a global competition that celebrates innovation that is transforming the industry. The awards program was launched in 2016 by Efma …
Calling embedded insurance the “next secular trend in distribution,” Root Inc. CEO Alex Timm in a letter to shareholders said the company has an advantage to scale access in the channel and become profitable. Root reported a net loss of …
Chubb announced the name for its new global climate business unit, Chubb Climate+, while appointing three executives who have joined the business unit’s leadership team. Chubb Climate+, which was launched in January, will provide insurance products and services to businesses …
More than 180 workers at a North Carolina company will receive about $1,000 each in overtime pay after the U.S. Department of Labor found that the workers had been misclassified as independent contractors. “Employers who improperly misclassify employees as independent …
Investigators probing a fatal 2021 Amtrak derailment in Montana disclosed that the railroad track was bent along a curve near the accident site, and the problem got worse as freight trains traveled over the area before the crash. Details on …
A tanker that was detained by Spain and accused of discharging fuel in open waters near the northeastern port city of Tarragona did not cause any pollution and followed regulations, its Turkish manager said on Wednesday. Spanish authorities said on …
Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. “So long as these mismatched pockets persist, our growth will be more muted, …
The European Union’s two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about the Chinese short video-sharing app and its users’ data. TikTok, which is owned by Chinese firm ByteDance, is under scrutiny …
A South Florida art dealer pleaded guilty in federal court Tuesday in connection with a scheme involving the sale of fake Andy Warhol paintings. Daniel Elie Bouaziz, 69, pleaded to a single count of money laundering in Fort Pierce federal …
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
