Class Action Accuses 3 Automakers, Parts Maker of Selling Risky Air Bag Inflators May 26, 2022 By Tom Krisher A class action lawsuit is accusing three automakers and a parts manufacturer of knowingly selling vehicles containing air bag inflators...
Twitter Will Pay $150M to Settle With U.S. Over Data Privacy Violations May 26, 2022 By Diane Bartz and Katie Paul Twitter Inc. has agreed to pay $150 million to settle allegations it misused private information, like phone numbers, to target...
P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion May 26, 2022 Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry...
Hackers Breached Some GM Accounts, Accessing Personal Data May 26, 2022 Hackers compromised some online accounts of General Motors Co. customers in April, potentially accessing addresses, phone numbers and other personal...
Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety May 26, 2022 Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a...
Can U.S. Gunmakers Be Liable for Mass Shooting? May 26, 2022 By Tom Hals An 18-year-old gunman stormed a Texas elementary school on Tuesday and killed 19 children and two teachers, reigniting a debate...
People Moves: Benet Named AXA XL Global CUO; Resilience Hires Ho for Lead Underwriting Role May 25, 2022 AXA XL has named Libby Benet to the role of global chief underwriting officer (GCUO), succeeding Nancy Bewlay, who recently...
Verisk Promotes Shavel to CEO, Anquillare to President May 25, 2022 Verisk said it appointed Lee M. Shavel to CEO and Mark V. Anquillare to president following the company’s annual shareholder...
SEC to Unveil Rule to Crackdown on Funds ESG ‘Greenwashing’ May 25, 2022 By Katanga Johnson and Ross Kerber The U.S. Securities and Exchange Commission (SEC) on Wednesday will propose rule changes aimed at stamping out unfounded claims by...
It Is Time for Insurers to Meet Needs of Tech Driven Businesses May 25, 2022 By Michael Brunero To describe the past couple of years as tumultuous is something of an understatement. The global pandemic overlaid with hard...