Geico Sued for Alleged ‘Woefully Inadequate’ Coronavirus Auto Insurance Discount July 24, 2020 By Andrew G. Simpson Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging...
Everest Insurance Promotes Karmilowicz to President, CEO; Mulray to COO July 24, 2020 Everest Insurance reports that Michael Karmilowicz has been named president and chief executive officer and Michael Mulray has been named...
Insurers Exploring ‘New World’ of Police Officer Professional Liability July 24, 2020 By Suzanne Barlyn and Alwyn Scott U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers...
State Insurance Commissioners Vow to Probe Role of Race in Insurance July 24, 2020 By Andrew G. Simpson The nation’s state insurance commissioner said they are forming a special committee to address issues of race in insurance including...
Specialty Broker Offers Business Insurance Coverage for Pandemic, Epidemic Risks July 23, 2020 A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies...
Asbestos Trial to Start With Social Distancing in Conference Center, Not Courthouse July 23, 2020 By Jef Feeley A West Virginia judge urged parties in dozens of asbestos lawsuits to reach a settlement and avoid the “dreadful experience”...
Home, Auto MGA Branch Plans Conversion to Reciprocal Exchange After Raising $24M July 23, 2020 Branch, an insurtech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing...
Travelers Reports Q2 Loss on Catastrophes, Investments; Only Modest COVID Impact July 23, 2020 The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net...
Four Ex-Employees Seek Class Action Status for Gender Pay Claims Against Google July 23, 2020 By Malathi Nayak Four female former employees of Alphabet Inc.’s Google are trying to persuade a state court to let them represent more...
Half of Insurance Agencies Lack a Digital Strategy, Applied Systems Survey Finds July 23, 2020 A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy...