Analysis: User Pact, Section 230 Likely to Shield Robinhood, Reddit From Lawsuits February 1, 2021 By Tom Hals Robinhood Markets Inc.’s user agreement is likely to protect the brokerage app from a barrage of lawsuits filed by customers...
National General Expands Beyond Floods Product Into 13 Additional States January 29, 2021 National General Holdings Corp., a specialty personal lines insurance holding company owned by Allstate, has expanded its private flood product,...
SolarWinds Attackers Focused on Cyber and Tech Firms January 29, 2021 By Kartikay Mehrotra and Alyza Sebenius Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused...
Cryptocurrency Crime Drops in 2020 but ‘Decentralized Finance’ Losses Rise: Study January 29, 2021 By Gertrude Chavez-Dreyfuss Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems,...
AM Best Upgrades Credit Ratings of Kemper P/C Group and Its Subsidiaries January 29, 2021 AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit...
Coalition Adds 5 Hires to Middle Market Production Underwriting Team January 29, 2021 Coalition has appointed five new production underwriters to help grow and serve the company’s middle market relationships. New Coalition production...
Low-Level Jobs, Less School Could Mean Costly Auto Policies January 29, 2021 By Katherine Chiglinsky Drivers with less education and lower-ranking jobs could wind up paying more for auto insurance, magnifying the impact of systemic...
Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO January 29, 2021 By Susanne Sclafane During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in...
W.R. Berkley Reports Record Q4 Net Income January 28, 2021 W.R. Berkley Corp. generated record net income in its 2020 fourth-quarter and a healthy combined ratio, results that company attributed...
M&T Bank’s Batt, Beazley’s Ingrassia Join AmTrust Cyber Insurance Team January 28, 2021 Specialty insurer AmTrust Financial Services reported that Jeffrey Batt and Michelle Ingrassia have joined its cyber insurance team headed by...