Liberty Mutual Tackling U.S. Personal Lines Challenges February 24, 2023 The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported...
Earlier Warning Might Have Spared Ohio a Derailment, NTSB Says February 24, 2023 By Brad Brooks and Julio Cesar Chavez A U.S. train derailment that spilled toxic chemicals in an Ohio town might have been avoided if the railway company’s...
People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO February 23, 2023 Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as...
Insurers’ Digital Claims Tools Failing Customers: J.D. Power February 23, 2023 By Chad Hemenway Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims...
Root Books Another Net Loss; Stays Positive on Embedded Insurance Results February 23, 2023 By Chad Hemenway Calling embedded insurance the “next secular trend in distribution,” Root Inc. CEO Alex Timm in a letter to shareholders said...
Chubb Announces Name of New Global Climate Unit, Appoints 3 Execs February 23, 2023 Chubb announced the name for its new global climate business unit, Chubb Climate+, while appointing three executives who have joined...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23 February 23, 2023 By Susanne Sclafane Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate...
Meta Loses Bid to Toss $175M Verdict in Streaming Patent Case February 23, 2023 By Blake Brittain A federal judge in Austin, Texas on Tuesday rejected a request by Meta Platforms Inc’s to throw out a $175...
Trade Group Argues SEC Case Unfairly Labels Crypto as Securities February 23, 2023 By Hannah Lang Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S....
Epstein Victims Say Banks Chose Profits Over Following Law February 22, 2023 By Joe Schneider and Ava Benny-Morrison Deutsche Bank AG and JPMorgan Chase & Co. chose to profit from Jeffrey Epstein’s sex-trafficking venture rather than follow the...