FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal February 20, 2023 By Jonathan Stempel A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh February 20, 2023 Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and...
California Earthquake False Alarm Offers a Lesson for Crisis Communicators February 20, 2023 By Don Jergler An earthquake false alarm nearly four years ago can teach disaster and emergency planners – and any crisis communicators, including...
Marketing Data Can Reduce AI Bias in the Insurance Industry February 20, 2023 By Ifty Kerzner Just a decade ago, the idea that artificial intelligence (AI) might play a role in everyday insurance practices may have...
2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared February 20, 2023 By Don Jergler Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into...
How Social Inflation Is Impacting the Architects, Engineers Market February 20, 2023 By Larry Moonan Social inflation has been a hot topic across the insurance industry over the last few years as claims frequency and...
Allstate’s Plan to Return to Profit in Auto February 20, 2023 By Chad Hemenway Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s...
New York Gov. Hochul Vetoes Wrongful Death Damages Bill February 20, 2023 New York Gov. Kathy Hochul vetoed a measure that would have expanded wrongful death benefits after her late bid for...
Root Sues Former CMO Over at Least $9.4M in Unauthorized Payments February 20, 2023 By Chad Hemenway Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments...
Home Heating Oil Leak Is Covered Due to Pollution Ambiguity, Rhode Island Court Rules February 20, 2023 The Rhode Island Supreme Court for the first time has found the definition of pollution in a commercial policy ambiguous...