Deepwater Horizon Oil Spill in 2010 Was Bigger Than Satellite Images Showed February 14, 2020 Toxic and invisible oil spread well beyond the known satellite footprint of the 2010 Deepwater Horizon oil spill, according to...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair February 14, 2020 By Susanne Sclafane As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties February 14, 2020 B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have...
Ironshore Expands, Realigns Its Wholesale Distribution with Branch Managers February 13, 2020 Ironshore, the Liberty Mutual specialty insurance company, has expanded and realigned its wholesale distribution platform with local offices headed by...
Brooks Brothers and Brooks Running Shoes Clash Over Trademark February 13, 2020 By Jonathan Stempel Brooks, the running shoe and apparel unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., filed a trademark infringement lawsuit against...
Firearm Purchaser Licensing Laws Linked To Fewer Fatal Mass Shootings February 13, 2020 Firearm purchaser licensing laws that require an in-person application or fingerprinting are associated with an estimated 56 percent fewer fatal...
Wells Fargo Agrees to Halt Forced Arbitration for Sex Harassment Claims February 13, 2020 By Imani Moise Wells Fargo & Co. on Wednesday ended its forced arbitration policy for employee sexual harassment claims, opening the lender to...
AIG and P/C Underwriting Post Profit for Q4 February 13, 2020 American International Group reported fourth quarter 2019 net income of $922 million compared to a net loss of $622 million...
Insurance Comparison Site SelectQuote Plans IPO: Reuters February 13, 2020 By David French SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance...
Report: 2019 Was 7th Year in Last Decade with 10 or More Disasters of $1B-Plus February 12, 2020 By Don Jergler Last year was a particularly hazardous one, with natural catastrophes causing excessive damages in what appears to be an ongoing...