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...
Viewpoint: It’s A Wonderful Life’s Lessons Ring True in BlockFi Bankruptcy December 6, 2022 By Jonathan Reid Reich We are heading into the holiday season. It’s a Wonderful Life will be on television. And cryptocurrency bankruptcies will be...
People Moves: Hartford Chief Sustainability Officer; Amwins New Transportation Role; Deputy Exec Director at Coalition Against Insurance Fraud; Chubb Names N.A. Financial Lines President December 5, 2022 The Hartford Names Shields Chief Sustainability Officer The Hartford has appointed Terence Shields to the newly created role of chief...
Call to Phase Out ‘Forever Chemicals’ Gains Investor Momentum December 5, 2022 By Simon Jessop Investors managing $8 trillion in assets have written to the world’s biggest chemicals companies urging them to phase out the...