North Carolina Attack Shows Fragility of U.S. Power Grids, Experts Say December 7, 2022 By Josh Saul The attacks that left two electrical substations in North Carolina riddled with gunfire and knocked out power to 45,000 homes...
E-Cigarette Maker Juul Labs Reaches Settlements With Approximately 10,000 Plaintiffs December 7, 2022 E-cigarette maker Juul Labs on Tuesday said it has reached settlements with about 10,000 plaintiffs covering more than 5,000 cases...
People Moves: First Chief Insurance Officer at Next Insurance; New President, CUO at Tapco; Fine Art Team at Distinguished Programs December 7, 2022 Next Insurance Names Rhodes as First Chief Insurance Officer Next Insurance has announced the appointment of Chris Rhodes as the...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs December 7, 2022 Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises...
Apple Sued By Women Who Say AirTag Lets Stalkers Track Victims December 6, 2022 By Jonathan Stempel Apple Inc. has been sued by two women who said its AirTag devices have made it easier for their former...
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best December 6, 2022 Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines...
FloodFlash Eyes Parametric Splash in U.S. December 6, 2022 By Allen Laman Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make...
Many Insurtechs Exit the Marketplace, and Other 2023 Predictions From Forrester December 6, 2022 By Chad Hemenway More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments...
Hertz to Settle Most False-Arrest Claims for $168 Million December 6, 2022 By Steven Church Hertz Global Holdings Inc. will spend $168 million to settle hundreds of claims that it falsely reported rental customers to...
Global P/C Insurance Outlook Now Negative: Moody’s December 6, 2022 High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change...