Federal Judge Advances Business Interruption Dispute Between Law Firm, Travelers August 17, 2020 By Andrew G. Simpson A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in...
Consolidation of COVID Business Loss Suits Denied; But Grouping by Insurer Eyed August 13, 2020 By Andrew G. Simpson The legal panel on multidistrict litigation (MDL) has denied a proposal to consolidate cases brought by multiple businesses against various...
Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion August 13, 2020 By Andrew G. Simpson Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion....
Ralph Lauren Suit Alleges Fraud by Insurer Refusing to Cover Coronavirus Losses August 11, 2020 By Andrew G. Simpson Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of...
Allstate Reports Strong Q2 with Profit Up 49% Despite Pandemic August 10, 2020 By Andrew G. Simpson What pandemic? Allstate’s doing just fine. The giant personal lines insurer reported net income of $1.2 billion for the second...
Progressive Q2 Profit Up on Fewer Accidents; CEO Says ‘Black Lives Matter,’ Vows Action August 10, 2020 By Andrew G. Simpson “Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in...
Tesla Invites Insurance Actuaries to Help It Create a ‘Revolutionary’ Insurance Company August 10, 2020 By Andrew G. Simpson Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one...
CoreLogic Calls Special Meeting on Takeover Bidders’ Candidates for Board August 9, 2020 By Andrew G. Simpson The board of directors of data and analytics firm CoreLogic (NYSE: CLGX) has called a special meeting of shareholders for...
D.C. Judge Rules For Insurer, Dismisses Restaurants’ Business Interruption Claims August 7, 2020 By Andrew G. Simpson The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption...
Brown & Brown CEO Sees ‘Sporadic’ Economic Recovery Ahead After Own COVID Recovery July 29, 2020 By Andrew G. Simpson Insurance broker Brown & Brown, Inc. reported second quarter revenues of $598.8 million, an increase of $23.6 million, or 4.1%,...