Average Age of Cars Americans Are Driving Nears 12 Years: IHS Markit July 28, 2020 By Joseph White Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to...
Insurtech Fundraising Rises in Q2 with $1.6 Billion Invested July 28, 2020 Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtech firms raised $1.56 billion during...
Judge Nixes 7% Plaintiffs Attorneys’ Fee on Opioid Settlements July 28, 2020 By Tom Hals and Nate Raymond A federal judge overseeing thousands of opioid lawsuits declined on Monday to grant a demand by plaintiffs attorneys for fees...
Trump Administration Wants FCC to Write Rules on Liability for Social Media Content July 28, 2020 By David Shepardson A U.S. Commerce Department agency on Monday petitioned the Federal Communications Commission to reinterpret a 1996 law to require transparency...
U.S. Volkswagen Owners Cheated in Diesel Scam Receive $9.8 Billion in Settlements July 28, 2020 By David Shepardson U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said...
Workers Compensation Rates Could Start Rising in 2021, Says W.R. Berkley CEO July 28, 2020 By Mark Hollmer For W.R. Berkley Corp. and most other workers’ compensation carriers, rates have declined for some time. That trend could start...
IAT Insurance Adds Open Lot Coverage for Franchised Auto Dealerships July 28, 2020 IAT Insurance Group has expanded its multi-line DealerPack offerings for franchised auto dealerships to include dealers open lot insurance. Key...
Sapiens Acquires Delphi Technology July 27, 2020 Insurance software provider Sapiens International Corp. has agreed to acquire Delphi Technology Inc., a software vendor focused on the medical...
Concern Over Small Businesses Grows as Coronavirus Resurges, Federal Aid Expires July 27, 2020 By Howard Schneider The number of outright failures of U.S. small businesses in the first months of the coronavirus pandemic was comparatively modest,...
AXA XL Presents New Leadership Team for Americas July 27, 2020 As part of the proposed changes to its insurance operating model announced in April, AXA XL has appointed its new...