Insurance Consumer Advice for Buyers of High-Risk Homes: Liz Weston October 6, 2020 By LIZ WESTON When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make...
Rebuilding in Wildfire Zones: A One-Stop Shop for Wildfire Victims October 6, 2020 By Noah Buhayar and Sophie Alexander California is on fire. Already this year, thousands of people have lost their homes, and communities are struggling to figure...
Hollywood’s Insurer Braces for Claims Due to COVID-Related Movie, TV Shutdowns October 6, 2020 By Stephan Kahl Allianz SE, Europe’s largest insurer, is bracing for a flood of claims after movie and television studios were forced to...
Judge Orders Cisco to Pay $1.9 Billion in Cybersecurity Patent Lawsuit October 6, 2020 By Jonathan Stempel A U.S. judge on Monday ordered Cisco Systems Inc. to pay $1.9 billion to a Virginia company that accused it...
Personal Lines Insurtech Root Files IPO Proposal with SEC October 6, 2020 By Andrew G. Simpson Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission...
Pandemic Economic Uncertainty Could See Insurers Buying, Partnering with Insurtechs October 5, 2020 Insurance carriers could increasingly target insurtechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, according...
Court Approves $800 Million Settlement For Las Vegas Shooting Victims October 5, 2020 By Ken Ritter A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to...
Insurers Gain Early Wins in COVID-19 Business Interruption Lawsuits October 5, 2020 By Jim Sams Insurers have succeeded in dismissing COVID-19 business-interruption lawsuits in 17 out of 23 cases heard so far, with a growing...
Supreme Court Agrees to Hear Jurisdiction Question in Climate Damages Lawsuit October 5, 2020 By Lawrence Hurley The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon...
Appeals Court Reinstates Glaxo $235.5 Million Verdict Against Teva October 5, 2020 By Jonathan Stempel A federal appeals court on Friday reinstated a 2017 jury verdict ordering Teva Pharmaceutical Industries Ltd. to pay GlaxoSmithKline Plc...