Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance. USAA, a Texas-based insurer focused on members of the U.S. military and their families, said the acquisition will help make it more competitive by modernizing its offerings. …
Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and their clients across Canada. Terms of the transaction were not disclosed. Excess …
Royal Caribbean Group said on Wednesday it would delay the inaugural sailing of its Odyssey of the Seas cruise liner by nearly a month after eight crew members tested positive for COVID-19. The news comes a week after two people …
JACKSON, Miss. — A managed care company has agreed to pay Mississippi $55.5 million to settle a lawsuit that accused one of its subsidiaries of overcharging the state’s Medicaid program for pharmacy benefits management. Attorney General Lynn Fitch and Auditor …
When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the U.S. In Portland, Oregon, burglars …
DETROIT (AP) — In a reversal from Trump administration policies, U.S. auto safety regulators say they will move to require or set standards for automatic emergency braking systems on new heavy trucks. The Department of Transportation, which includes the National …
Centene Corp. agreed to pay settlements to Ohio and Mississippi to resolve claims that it inflated pharmacy costs, and the health insurer reserved $1.1 billion to resolve similar claims in other states. Centene, the country’s largest seller of Medicaid health …
Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental, social and governance (ESG) issues while business interests have pushed back, a Reuters review of correspondence published by the regulator …
The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. At the same time, the report …
Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, announced the launch of its Bermuda office Lockton Re (Bermuda) Ltd., which will be led by Jonathan (Jonty) Davies as CEO. Davies joins from Aon Reinsurance …
