Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
Teens Still Not Driving Like Teens Used To: Viewpoint January 8, 2020 By Justin Fox, Bloomberg Opinion The much-discussed collapse in teenage driving in the U.S. seems to have ended a few years ago. But the less-discussed...
Trump Administration Seeks to Limit ‘Overreach’ of Regulation of Artificial Intelligence January 8, 2020 By David Shepardson The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at...
O’Leary Succeeds Maguire as Philadelphia Insurance Chairman; Glomb Is President January 7, 2020 Commercial property/casualty and professional liability insurer Philadelphia Insurance Companies announced leadership changes, effective January 1, 2020. President and Chief Executive...
Insurance Journal’s Top 10 Cyber Risk Stories of 2019 January 7, 2020 By Elizabeth Blosfield Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report...
Everest Insurance Promotes Karmilowicz to President of North America P&C January 7, 2020 Specialty insurer Everest Insurance has appointed Mike Karmilowicz to be executive vice president and president of North America P&C. He...
Look! Up in the Sky. Uber and Hyundai Unveil Air Taxi. January 7, 2020 By Andrew G. Simpson Uber and Hyundai Motor Co. announced they will develop Uber Air Taxis for a future aerial ride share network. The...
Farmers Expands Program, Now Insuring Uber Drivers in 14 States and D.C. January 7, 2020 Farmers Insurance has expanded its relationship with Uber by providing commercial automobile insurance to its ridesharing drivers in 12 additional...
J&J Reported to Settle Baby Powder Claim for $2 Million January 7, 2020 By Jef Feeley Johnson & Johnson agreed in the middle of a trial to pay more than $2 million to resolve a woman’s...
Nexus Specialty to Offer Admitted Trade Credit Products through Crum & Forster January 7, 2020 Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows...