AM Best: Ukraine Invasion to Likely Have ‘Substantial Impact’ on Insurance Industry February 28, 2022 Russia’s invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...
Lemonade Execs Expect ‘Peak Losses’ in 2022 February 25, 2022 By Susanne Sclafane With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs February 25, 2022 Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the...
Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs February 25, 2022 Nationwide Sponsors Labrador Retriever Robot Giant insurer Nationwide is partnering with an early-stage robotics company, Southern California-based Labrador Systems, on...
Hacking Risk Shadows U.S. Business as Russia Threatens Critics February 25, 2022 By Jack Gillum A swath of major American businesses — from major banks to utility companies — is preparing for possible cyberattacks against...
Drug Distributors, J&J Agree to Finalize $26 Billion Opioid Settlement February 25, 2022 By Nate Raymond The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to finalize a proposed $26 billion settlement...
Palin Wants New Trial With Different Judge in New York Times Defamation Lawsuit February 25, 2022 A Manhattan judge said Wednesday that lawyers for Former Alaska Gov. Sarah Palin are seeking a new trial on her...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021 February 24, 2022 By Chad Hemenway Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in...
Tesla’s Many Dockets of Litigation Keep Lawyers and Judges Busy February 24, 2022 By Dana Hull Elon Musk generates a near-constant barrage of news headlines because of his tweets. It’s a lot to keep up with....
People Moves: Beazley Cyber Adds Chubb’s Cohen, Promotes Larson; Scheurle Leads Burns & Wilcox’s Cannabis; Parametrix Hires Hiscox’s Wong February 24, 2022 Beazley Hires Two for Cyber Services Insurer Beazley announced two senior leadership hires to its global Cyber Services team. Russ...