Next Insurance to Acquire Affinity Agency AP Intego March 3, 2021 By Andrew G. Simpson Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial...
Court Up’holds’ Insurers’ Denial of $6M Crime Claim for Phishing Loss March 1, 2021 By Andrew G. Simpson Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds...
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses February 22, 2021 By Andrew G. Simpson If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured...
It Could Have Been Worse. COVID-19’s Impact on Workers’ Compensation February 22, 2021 By Andrew G. Simpson While it obviously presented challenges, 2020 is looking like it may not have been such a bad year for workers’...
Future of the Insurance Industry and Who Owns It: 3 Scenarios From Verisk’s Anquillare February 17, 2021 By Andrew G. Simpson The question is not whether the future of the insurance industry is bright. “Few industries are better positioned for outstanding...
Progressive to Buy Transportation Insurer Protective for $338 Million February 16, 2021 By Andrew G. Simpson The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake...
Lloyd’s Construction Specialists Say They Are Ready For U.S. Infrastructure Boom February 16, 2021 By Andrew G. Simpson Construction insurance specialists at Lloyd’s of London are hoping to see more U.S. business from increased government investment in infrastructure...
Federal Judge Sides with Chubb in Denial of Target’s Data Breach Bank Claims February 10, 2021 By Andrew G. Simpson Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013...
EC Pauses Investigation; CEO Says Aon-Willis Merger Still on Track to Close in 1st Half February 9, 2021 By L.S. Howard and Andrew G. Simpson The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said...
Metromile to Begin New Life as Public Company as Reverse Merger Closes February 9, 2021 By Andrew G. Simpson Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a...