RB Jones Acquires ‘Smart’ Ocean Cargo Business From Corvus September 21, 2022 Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based...
Gallagher, Alliant Agree to Settle Latest Dispute Over Alleged Poaching September 21, 2022 By Chad Hemenway Brokers Arthur J. Gallagher and Alliant Insurance Services jointly filed to tell a judge they have agreed to work out...
Pie Insurance Raises $315M in Largest U.S. Insurtech Financing Round of 2022 September 21, 2022 Pie Insurance, an insurtech specializing in workers compensation insurance for small businesses, said it raised a $315 million Series D...
Autobrake Performance Dips After Sundown September 21, 2022 A nighttime test of pedestrian automatic emergency braking (AEB) systems to address the high percentage of pedestrian crashes that occur...
McDonald’s Ordered to Face Byron Allen’s $10B Discrimination Lawsuit September 21, 2022 By Jonathan Stempel McDonald’s Corp. has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing...
Hurricane Fiona Moves North With Up to $4B Economic Damages Estimated Already September 20, 2022 By Brian K. Sullivan Hurricane Fiona strengthened as it moved away from Puerto Rico and the Dominican Republic where it knocked out power and...
AIG Life/Retirement Unit Corebridge Valued at $13B September 20, 2022 By Niket Nishant Shares of Corebridge Financial Inc opened 2 percent below the IPO price in their New York Stock Exchange debut on...
American Family First U.S. Insurer to Join The Climate Pledge September 20, 2022 American Family Insurance has become the first U.S.-based insurance company to sign The Climate Pledge, joining 375 other national and...
AM Best Viewpoint: The Value of MGAs in a Hardening Market September 20, 2022 By Myles Gould and Riley Parnum The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of...
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO September 20, 2022 Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company...