Insurers’ Digital Claims Tools Failing Customers: J.D. Power February 23, 2023 By Chad Hemenway Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims...
Root Books Another Net Loss; Stays Positive on Embedded Insurance Results February 23, 2023 By Chad Hemenway Calling embedded insurance the “next secular trend in distribution,” Root Inc. CEO Alex Timm in a letter to shareholders said...
Chubb Announces Name of New Global Climate Unit, Appoints 3 Execs February 23, 2023 Chubb announced the name for its new global climate business unit, Chubb Climate+, while appointing three executives who have joined...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23 February 23, 2023 By Susanne Sclafane Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate...
Meta Loses Bid to Toss $175M Verdict in Streaming Patent Case February 23, 2023 By Blake Brittain A federal judge in Austin, Texas on Tuesday rejected a request by Meta Platforms Inc’s to throw out a $175...
Trade Group Argues SEC Case Unfairly Labels Crypto as Securities February 23, 2023 By Hannah Lang Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S....
Epstein Victims Say Banks Chose Profits Over Following Law February 22, 2023 By Joe Schneider and Ava Benny-Morrison Deutsche Bank AG and JPMorgan Chase & Co. chose to profit from Jeffrey Epstein’s sex-trafficking venture rather than follow the...
People Moves: AXIS Appoints Galanski Head of N.A. P/C Programs; Ningen Named Swiss Re CEO of U.S. P/C February 22, 2023 AXIS Appoints Galanski as Head of North America Property & Casualty Programs Gabriel Galanski has joined AXIS Capital Holdings Limited...
Viewpoint: Four Approaches to Expand Commercial P/C’s Market Relevance February 22, 2023 By Shannon Varney Despite a range of disruptions, global commercial P/C insurance carriers have actually delivered good returns over the last few years—mostly...
Stablecoin Regulatory Crackdown Sends Warning to Industry February 22, 2023 By Hannah Lang The U.S. Security and Exchange Commission’s warning shot on Binance’s stablecoin over whether or not it is a security could...