Consolidation of COVID Business Loss Suits Denied; But Grouping by Insurer Eyed August 13, 2020 By Andrew G. Simpson The legal panel on multidistrict litigation (MDL) has denied a proposal to consolidate cases brought by multiple businesses against various...
Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion August 13, 2020 By Andrew G. Simpson Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion....
Sterling New Age Cyber, Elpha Secure Launch ES-1000 Cybersecurity Package August 13, 2020 Cybersecurity insurance company Elpha Secure and partner Sterling New Age Cyber have introduced ES-1000, a service bundle package that focuses...
P/C Insurance Software Firm Duck Creek Hikes IPO Price Range August 13, 2020 Duck Creek Technologies Inc., a software company that serves the property and casualty insurance market, on Wednesday raised the price...
Federal Reserve Policymakers See Slow Economic Growth Until Virus Contained August 13, 2020 By Jonnelle Marte and Howard Schneider The U.S. economic recovery will be slow until the coronavirus is under control, and Americans will have to manage life...
Judge Allows Businesses’ Lawsuits Against Insurer Over Coronavirus Losses August 12, 2020 By Jonathan Stempel A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier...
American Family Succession Plan: Westrate to Succeed Salzwedel as CEO in 2022 August 12, 2020 American Family Insurance group’s succession plan calls for Chair and Chief Executive Officer Jack Salzwedel to continue as chair and...
Federal Auto Safety Agencies Face Scrutiny by Inspector General August 12, 2020 By David Shepardson The Transportation Department’s Office of Inspector General said on Tuesday it would audit oversight of U.S. vehicle safety standards, noting...
Google Turns Android Phones Into Earthquake Sensors August 12, 2020 By Paresh Dave Alphabet Inc’s Google’s Android phones on Tuesday started detecting earthquakes around the world to provide data that could eventually give...
Cyber Lessons for the Insurance Industry Continue Three Years After NotPetya August 12, 2020 By Elizabeth Blosfield This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in...