The almost weekly headlines about insurers and venture capitalists investing in insurtechs and tech-savvy insurance startups sometimes blocked the view of what established big technology firms were doing in insurance. During 2018, giant technology firms Google and Amazon showed renewed …
A Pennsylvania man has been charged with filing nearly $50,000 in fraudulent insurance claims for items allegedly lost or stolen while he was traveling around the country. Robert Cirino of Reading, Penn., was indicted on charges of second-degree insurance fraud …
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on May 24 they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. At …
The former lawyer for a car crash victim accused an auto insurance company of hiding a $1 million policy that could have paid for his client’s medical bills during testimony in court. Attorney Jeff Cole testified in federal court in …
Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said third-quarter profit advanced 1 percent as sales growth accelerated, and improved underwriting margins helped cushion lower investment income. Net income climbed to $928 million from $919 million …
Travelers Companies Inc.’s U.S. Fidelity & Guaranty doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insureds. The insurance company filed suit in federal court against New York’s Ashley Reed Trading Inc., …
Travelers Cos., the property insurer in the Dow Jones Industrial Average, ended a contract with ExlService Holdings Inc. after the vendor’s employees violated confidentiality policies. The staff shared a “procedural document” externally, according to a regulatory filing today from New …
Travelers has introduced a suite of online resources to help business owners navigate the growing threat of cyber risks while also protecting their assets and their customers’ information. The launch of the new resources coincides with the start of National …
The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal. It’s been two weeks since the season’s statistical …
Sixty-three percent of Americans believe their world is becoming a riskier place, while only 15 percent feel it is less risky. Americans’ greatest concerns are financial security, loss of privacy and identity theft, personal safety and the increased frequency of …
