Asbestos Trial to Start With Social Distancing in Conference Center, Not Courthouse July 23, 2020 By Jef Feeley A West Virginia judge urged parties in dozens of asbestos lawsuits to reach a settlement and avoid the “dreadful experience”...
Home, Auto MGA Branch Plans Conversion to Reciprocal Exchange After Raising $24M July 23, 2020 Branch, an insurtech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing...
Travelers Reports Q2 Loss on Catastrophes, Investments; Only Modest COVID Impact July 23, 2020 The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net...
Four Ex-Employees Seek Class Action Status for Gender Pay Claims Against Google July 23, 2020 By Malathi Nayak Four female former employees of Alphabet Inc.’s Google are trying to persuade a state court to let them represent more...
Half of Insurance Agencies Lack a Digital Strategy, Applied Systems Survey Finds July 23, 2020 A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy...
Traffic Down 25%, Motor Vehicle Fatalities Down 8% in May During Lockdowns July 23, 2020 By Andrew G. Simpson Preliminary estimates indicate that deaths from motor vehicle accidents fell in May but the death rate per miles driven jumped...
U.S. Cyber Insurers Face Changing Landscape; Top 20 Cyber Insurers July 22, 2020 Cyber insurers have been enjoying a profitable run for several years but are now facing a changed risk landscape with...
Coronavirus, Civil Riot, Investment Losses Take Bite Out of W.R. Berkley Q2 Profit July 22, 2020 Larger investment losses and COVID-19 took a substantial bite out of W.R. Berkley’s 2019 second-quarter net income, but the specialty...
Cyber Insurance Agency Coalition Now Offers Excess Coverage for Middle Market July 22, 2020 With new surplus lines capacity backed by Lloyd’s, cyber insurance and security company Coalition is moving beyond offering primary insurance...
Liberty Mutual Loses Bid to Charge Employer for Claims Paid from Exempt Workers July 22, 2020 By Jim Sams A workers’ compensation insurer cannot charge an employer an extra $1.7 million in premiums for the risk presented by employees...