Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion December 5, 2016 By Andrew G. Simpson Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion December 5, 2016 By Andrew G. Simpson Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will...
Supreme Court to Hear Hospitals’ Religious Exemption from ERISA December 5, 2016 By Brendan Pierson The U.S. Supreme Court on Friday agreed to hear appeals by Christian-affiliated hospital systems of lower court rulings that gave...
Wal-Mart to Settle Bias Suit Over Gay Benefits for $7.5 Million December 5, 2016 By Erik Larson Wal-Mart Stores Inc. agreed to pay $7.5 million to settle a lawsuit accusing the company of discriminating against gay workers...
Pimco to Pay $20 Million to Settle Charges It Misled Investors December 4, 2016 By Sarah Lynch and Trevor Hunnicutt Pacific Management Investment Co. (Pimco) will pay $20 million to settle charges it misled investors about the performance of a...
Plans Underway for Super Regional P/C Insurer Conference 2017 for C-Suite Professionals December 3, 2016 Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017...
Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks December 2, 2016 A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of...
Insurers Praise House Approval of Systemic Risk Reform Bill December 2, 2016 By Andrew G. Simpson The House of Representatives took a step toward changing the Dodd-Frank financial regulation law by passing a measure that requires...
Liberty Mutual Names Dwortz President of Helmsman December 2, 2016 Liberty Mutual Insurance has appointed David Dwortz as president, Helmsman Management Services, its third party claims administrator. Dwortz takes the...
Audit Hits Regulator for Not Testing Brokerage Firms’ Cyber Security Policies December 2, 2016 By Sarah N. Lynch The U.S. Commodity Futures Trading Commission failed to verify whether futures and swaps brokerage firms have adequate policies to help...