Supreme Court Hears Google’s Appeal of Oracle’s $8 Billion Copyright Claim October 7, 2020 By Jan Wolfe and Andrew Chung The U.S. Supreme Court appeared divided on Wednesday as it considered whether to protect Alphabet Inc.’s Google from a long-running...
Markel Consolidates Property Catastrophe Reinsurance Business Under Nephila October 7, 2020 Markel Corp. said it is creating one center for all of its global property catastrophe (CAT) reinsurance business by closing...
AXIS Insurance Adds 4 Senior Underwriters to Management Liability Team October 7, 2020 Specialty insurer AXIS Insurance has hired four experienced underwriters to its U.S. Management Liability team. Christina Segreti, Drew Kushnick, Matthew...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More October 7, 2020 The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims...
Progressive CEO Says Move Into Life Insurance Possible: ‘More to Come’ October 7, 2020 By Katherine Chiglinsk Progressive Corp. could soon expand its horizons into life insurance. “We actually are considering that,” Chief Executive Officer Tricia Griffith...
SEC Warns GE of Possible Securities Violations in Its Insurance Accounting October 7, 2020 General Electric said on Tuesday it has received a notice from U.S. Securities and Exchange Commission staff, warning that the...
House Antitrust Panel Blasts Big 4 Internet Firms for Abuses; Seeks Reforms, Separations October 7, 2020 By Nandita Bose and Diane Bartz A U.S. House of Representatives panel looking into abuses of market power by four big technology companies found they used...
Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal October 6, 2020 By Mark Hollmer Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help...
An Insurance Lyft: CSAA Forms Rideshare Carrier; Allstate, Liberty Mutual Offer Coverage October 6, 2020 By Amy O'Connor A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same...
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...