Are MGAs Winning the Insurance Talent War? July 20, 2022 With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe...
NEXT, Thimble Latest Insurtechs to Announce Layoffs This Year July 20, 2022 By Elizabeth Blosfield NEXT Insurance and Thimble are the latest insurtechs to lay off part of their workforce this year, with NEXT citing...
Apple Sued Over Antitrust Violations Involving Apple Pay July 20, 2022 By Jonathan Stempel Apple Inc. was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of...
SEC Approves Demotech as Nationally Recognized Statistical Rating Organization July 19, 2022 Insurance rating agency Demotech Inc. has become the tenth organization to named a Nationally Recognized Statistical Ratings Organization (NRSRO) by...
Meta VR Rival Claims It Was Obliterated When Facebook Took Its Name July 19, 2022 By Evan Peng A Meta Platforms Inc. rival claims in a federal trademark infringement lawsuit that its business has been obliterated after Facebook...
Rossini, Suckerman Take New Roles Within Reshuffled AXA XL Cyber Unit July 19, 2022 AXA XL’s cyber insurance business announced the creation of two new roles and several regional underwriting management appointments. Rachel Rossini...
People Moves: Former Lexington Exec Heads to FutureProof; Hourly.io Hires From Markel; Leisz Joins Nationwide E&S; New CIO at Ryan Specialty July 19, 2022 San Diego-based FutureProof Technologies has hired Joseph Strickland as head of underwriting. He was previously senior vice president at AIG’s...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm July 19, 2022 With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners...
U.S. Senate Democrats Plan Bill Aiming to Restore ‘Net Neutrality’ July 19, 2022 By David Shepardson Two U.S. Senate Democrats active in internet issues are working on a bill to restore landmark “net neutrality” rules that...
Uber Settles Lawsuit Over Disabled Riders, Vows to Waive Fees July 19, 2022 By Susan Heavey Uber Technologies Inc. will pay more than $2 million and waive wait time fees for disabled passengers to settle U.S....