Allianz Privately Mulls Counteroffer for The Hartford After Chubb’s Offer March 28, 2021 By Jan-Henrik Förster and Aaron Kirchfeld Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the...
People Moves: Kinsale’s Secor to Hamilton’s New U.S. Unit; Marsh Names Quintal, McLellan Financial Lines Leaders March 26, 2021 Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as head of...
Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves March 26, 2021 By Suzanne Barlyn U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that...
Bail Bond Insurance Industry Spends to Defend Profitable Business Against Critics March 26, 2021 By Alwyn Scott and Suzanne Barlyn Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United...
Insurtech Funding News: $118M for Pie; $30M for Snapsheet March 26, 2021 There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million...
Supreme Court Rejects Ford Stance in Product Liability Venue Dispute March 26, 2021 By David Shepardson The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co. in a case in which the second-largest U.S....
When Lights Go Out as They Did in Texas, Insurance Coverage Could Turn On March 26, 2021 By Rhonda D. Orin and Daniel J. Healy The power was still off in Texas last month when rating agencies began predicting that the weather-related catastrophe would cause...
White House to Require Software Firms to Disclose Breaches to Government Customers March 26, 2021 By Nandita Bose, Christopher Bing and Joseph Menn A planned Biden administration executive order will require many software vendors to notify their federal government customers when the companies...
Participate in Insurance Journal’s Young Agent Survey Today March 25, 2021 Insurance Journal is seeking young independent insurance agents – those 40 and under – to share their thoughts on the...
National Weather Service Upgrades Forecast Model March 25, 2021 By Seth Borenstein The National Weather Service has turbocharged its lagging forecast model to better predict extreme weather events such as hurricanes, blizzards...