The Hartford Rejects Chubb’s $23 Billion Buyout Offer March 23, 2021 The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The...
U.S. Oversight Board Questions AstraZeneca’s COVID-19 Vaccine Data March 23, 2021 By Miyoung Kim and Caroline Copley AstraZeneca may have released outdated information on its latest COVID-19 vaccine trial, giving an “incomplete” picture of its efficacy, a...
Swiss Cyber Security Firm Says It Accessed Servers of a SolarWinds Hacking Group March 23, 2021 By Daniele Lepido A Swiss cyber-security firm says it has accessed servers used by a hacking group tied to the SolarWinds breach, revealing...
The Inflation Specter Looms for Property/Casualty Insurers March 23, 2021 By Bill Burns Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise...
Allianz Partners Adds Epidemic Coverage to Travel Insurance Products March 23, 2021 Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage...
Supreme Court Nixes Facebook Bid to Curtail $15B Class Action Over User Tracking March 22, 2021 By Andrew Chung The U.S. Supreme Court on Monday turned away Facebook Inc.’s bid to pare back a $15 billion class action lawsuit...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service March 22, 2021 The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on...
Biden Administration Warns Firms to Quit Aiding Nord Stream 2 Pipeline March 22, 2021 By Daphne Psaledakis and Timothy Gardner The U.S. State Department is tracking efforts to complete Russia’s Nord Stream 2 natural gas pipeline and evaluating information on...
Apple Says It Will Appeal $309M Jury Verdict Over Patent Infringement March 22, 2021 A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for...
Scientists Say Advanced Nuclear Reactors Not Safer Than Conventional Plants March 22, 2021 By Timothy Gardner A new generation of so-called “advanced” nuclear power reactors that Washington believes could help fight climate change often present greater...