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...
FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers January 6, 2020 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP)...
Chaucer Names 3 U.S. Property Executives January 6, 2020 Specialty insurer Chaucer announced the appointment of Chance Gilliland as head of U.S. Property Insurance, Mel Smart as head of...
Judge Triples Award for Hewlett Packard Against Quanta in Price-Fixing Scheme January 6, 2020 By Laurel Brubaker Calkins HP Inc. was awarded $439 million in damages against Quanta Storage Inc. and its U.S. subsidiary after a federal judge...
Digital MGA Clearcover Raises $50M; Plans on Entering More States, Becoming Carrier January 6, 2020 Clearcover, a digital managing general agent focused on auto insurance, said it has raised $50 million in new financing. The...
Insurance Market Shrinking as Senior Living Industry Grows January 6, 2020 By Andrea Wells The senior population continues growing at a time when the insurance market for senior living operations is under strain and...
Weinstein Criminal Trial on Rape Charge to Open 2 Years After #MeToo Movement Started January 5, 2020 By Patricia Hurtado and Rebecca Greenfield More than two years and a lifetime ago, Hollywood’s open secrets about Harvey Weinstein finally spilled into public view. Few...