Full-Year Commercial Lines Combined Ratio May Be Lowest in 15 Years: Moody’s September 15, 2022 By Susanne Sclafane With commercial lines insurers expected to report the lowest full-year aggregate combined ratio in 15 years, together with double-digit direct...
MGAs: An All-Weather Distribution Channel for Soft and Hard Markets September 15, 2022 By L.S. Howard Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market...
NFL Is Latest Target in Lawsuits Over Data-Sharing With Meta September 15, 2022 By Joe Schneider The National Football League was sued for allegedly sharing digital subscribers’ personal data with Meta Platforms Inc.’s Facebook, becoming the...
Tesla Sued by Drivers Over Alleged False Autopilot, Full Self-Driving Claims September 15, 2022 By Jonathan Stempel Tesla Inc. was sued on Wednesday in a proposed class action accusing Elon Musk’s electric car company of misleading the...
Phishing Triggers Majority of Cyber Claims in 2022 First Half: Coalition September 14, 2022 By Chad Hemenway Claims are down among Coalition policyholders in the first half of 2022, but small businesses became bigger targets and an...
NBA Suspends Phoenix Suns Owner Over Racial Slurs, Harassment September 14, 2022 The National Basketball Association suspended Phoenix Suns owner Robert Sarver for one year and ordered him to pay $10 million...
Markets/Coverages: Earnix, Guidewire Partner; XPT Unifies Brands; Franchise Hotel Program at Suitelife; New Hotel Umbrella Option at Distinguished September 14, 2022 Earnix and Guidewire Partner Guidewire and Earnix announced that the two companies have launched a collaborative effort to facilitate faster...
Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re September 14, 2022 By Kimberly Tallon Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its...
Prescribed Fires at National Forests Resume After Review September 13, 2022 By Morgan Lee The U.S. Forest Service is resuming its practice of intentionally lighting fires to clear brush and small trees from forested...
Twitter Whistle-Blower Describes ‘Ticking Bomb’ of Security Gaps September 13, 2022 By Anna Edgerton Twitter Inc.’s security lapses were so grave that they threatened national security, the company’s former head of security-turned-whistle-blower told senators...