BlackRock Agrees to $300M Loan for Root Insurance January 27, 2022 Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance...
New York Will Require Employers to Disclose Monitoring to New Hires January 27, 2022 By Jake Holland Employers in New York must disclose electronic monitoring, such as internet access and videoconferencing, to new hires under a new...
Biden Administration Officially Withdraws Employer Vaccine Rule January 27, 2022 By Dee-Ann Durbin The Biden administration has officially withdrawn a rule that would have required workers at big companies to get vaccinated or...
Biden Administration Hit for Delay in Creating New Cybersecurity Board January 26, 2022 By Alan Suderman It’s a key part of President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a...
Progressive Q4, Full Year Net Income Drop Over 40% January 26, 2022 Fourth quarter 2021 earnings at Progressive Corp. fell 43% compared with the same time period a year ago to $962.3...
Some U.S. Businesses Wary of Sanctions on Russia, Urge Safe Harbors, Exemptions January 26, 2022 By Timothy Gardner and Andrea Shalal U.S. President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin invades Ukraine, but some...
World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It January 26, 2022 By William Rabb If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is...
U.S. Surplus Lines Premium Up 22% in 2021 January 26, 2022 Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3 January 25, 2022 By Chad Hemenway Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends...
Insurance Technology: Great American, Assurely Offer D&O for Tech Startups; Tractable AI Assesses Building Damages; Pie Offers Pay-As-You-Go January 25, 2022 Great American Insurance and Assurely Offer D&O to Startup Firms The Executive Liability division of Great American Insurance Group and...