FDA Chief Gottlieb Eyes Overhaul of Opioid Regulation July 25, 2017 By Anna Edney The Food and Drug Administration, as part of a sweeping overhaul in how it regulates opioid painkillers, plans to look...
Answer Financial Expands Insurance Comparison Site Into Homeowners Segment July 25, 2017 Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and...
Q2 Insurtech Funding Rises to $1B: Willis Towers Watson/CB Insights Report July 24, 2017 Insurtech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than...
Brit Global Specialty Assumes Renewals for Legacy Catlin’s U.S. Yacht Business July 24, 2017 Brit Global Specialty USA said it has reached an agreement for the exclusive renewal rights for part of XL Catlin’s...
Insurers Pummeled by Car Dealers’ Claims for Hail-Damaged Vehicles July 24, 2017 By Suzanne Barlyn A hailstorm that pounded down on a Subaru dealership in Plano, Texas, barely lasted 30 minutes, but left behind a...
Ride-Hail Firm Lyft Enters Race to Manufacture Autonomous Cars July 24, 2017 By Eric Newcomer Ride-hailing provider Lyft Inc., emboldened by public stumbles by larger rival Uber Technologies Inc., is taking the leap into developing...
Chipotle Keeps Getting Served Lawsuits by Customers, Investors July 24, 2017 By Kartikay Mehrotra Chipotle Mexican Grill Inc. is facing another class-action lawsuit by a disgruntled shareholder over its alleged inability to keep its...
Deutsche Bank ($77M), JPMorgan ($71M) to Settle Libor Claims in U.S. July 24, 2017 By Jonathan Stempel Deutsche Bank AG and JPMorgan Chase & Co. have agreed to pay a combined $148 million to end private U.S....
Super Regional Carriers Urged to Educate ‘Suspicious’ Regulators on Big Data Use July 24, 2017 By Andrew G. Simpson “We’re curious and we don’t know. When regulators don’t know what’s going on, they get suspicious.” That was Wisconsin Insurance...
Exclusive: California Broker Plans Parametric Quake Product That Pays Even If No Damage July 21, 2017 By Don Jergler A California broker is promising to bring a “first-of-its-kind financial resource” that pays homeowners after an earthquake for a low...