AXIS Capital Holdings Ltd. announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with insurtech companies that focus on high value re/insurance applications, new product opportunities and new distribution and re/insurance business …
British electricals and mobile phone retailer Dixons Carphone said on Tuesday that about 10 million records containing personal data of customers may have been obtained in a cyber attack in 2017, much higher than its earlier estimates. The company, which …
The U.S. Supreme Court refused to halt a novel and sweeping lawsuit pressed by children and teenagers seeking to force the federal government to take steps against climate change. Rejecting a Trump administration request, the high court let the case …
Uber will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars. Through its acquisition of Otto in 2016, Uber had sought to …
Fraud investigators with the Georgia Department of Insurance have arrested a Columbus, Ga., roofing contractor and issued warrants on his employer for intentionally vandalizing the roofs of two homes in Muscogee County, according to a statement from Georgia Insurance Commissioner …
Arch Capital Group Ltd. (ACGL), a globally diversified financial services group providing insurance, reinsurance and mortgage insurance, will open an operational hub in Raleigh, N.C., and create 365 new jobs over four years, according to a statement from North Carolina …
Swiss Re Capital Markets has structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re Ltd. on behalf of Frontline Insurance. The transaction is Frontline’s debut catastrophe bond and covers named storms in Alabama, Florida, North …
An insurance company for a Portland apartment complex has agreed to pay $100,000 to settle a lawsuit filed by the mother of a 2-year-old girl who died in her bedroom after a heater malfunctioned. In a lawsuit that had sought …
Michigan State University has filed suit against 13 insurance carriers over coverage of sexual assault claims by victims of now-imprisoned former sports doctor Larry Nassar. The lawsuit against the insurers was filed July 26 in Ingham County Circuit Court. Michigan …
Higginbotham and Sellers-Patterson Insurance have merged operations in Tyler, Texas. Sellers-Patterson, led by Linda Sellers, is Higginbotham’s second office in Tyler; the first established in 2014 when Higginbotham entered the market. The union gives the combined firm a local workforce …
