Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the golf and country club accounts of its flagship PREFERRED CLUB program. PREFERRED …
Jardine Lloyd Thompson Specialty Insurance Service (JLT), which became a subsidiary of Marsh & McLennan on April 1, is suing a competitor insurance brokerage for allegedly poaching 13 former JLT employees. JLT is also separately suing four of the 13 …
The Massachusetts Institute of Technology (MIT) and Liberty Mutual Insurance announced a $25 million, five-year collaboration to support artificial intelligence (AI) research in computer vision, computer language understanding, data privacy and security, and risk-aware decision making, among other topics. The …
Johnson & Johnson failed to get 2,400 state-court cancer lawsuits tied to its baby powder immediately transferred to a federal court in Delaware, where it could forge a single defense strategy. U.S. District Judge Maryellen Noreika in Wilmington dismissed J&J’s …
The first major self-driving taxi service needed six months to reach 1,000 customers, another sign that growth may be slow as companies try to build businesses around autonomous vehicles. Waymo, the self-driving project owned by Alphabet Inc., announced on Tuesday …
Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months of 2019, according to the new Quarterly InsurTech …
With plane crashes making headlines recently, one in Florida with no fatalities and another in Russia that killed dozens, travelers might question whether flying has become less safe. Aviation experts regard the recent incidents as a statistical blip, however, pointing …
The weak El Nino pattern that’s been influencing global weather will probably stick around through August, likely bringing rain to Brazil’s coffee fields while drying India’s monsoon and possibly helping to ease storm threats during the Atlantic hurricane season. The …
Coalition, a San Francisco-based cyber insurance agency for small and midsize businesses, said it has closed a $40 million funding round. Ribbit Capital led the investment with participation from Greenoaks Capital and Hillhouse Capital. With this new funding, Coalition said …
The jury in Bayer AG’s third Roundup weedkiller trial was urged by a plaintiffs’ lawyer to consider socking the company with $1 billion in damages as punishment for covering up the health risks of the herbicide for decades. The aggressive …
