Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible rates. Carriers and brokers are building Internet-based underwriting …
The National Highway Traffic Safety Administration said on Wednesday it was dropping a 2012 proposal to harmonize U.S. vehicle window safety standards with international rules. Under the Obama administration, the auto safety agency known as NHTSA proposed adopting international rules …
IA Capital Group, an insurtech-focused venture capital firm, said it has raised $150 million across three funds. The three funds are Inter-Atlantic Stonybrook Insurtech Ventures, focusing on property/casualty insurtech; Inter-Atlantic G Fund, focusing on life/annuity/retirement insurtech; and Inter-Atlantic Ivy, focusing …
Nationwide said it has expanded 24-hour access to more types of small business for its Commercial Digital Direct online commercial insurance platform. Now, 30 different business types can access the platform, which enables Nationwide to sell and service its commercial …
Twitter Inc. Chief Executive Officer Jack Dorsey said rules like Europe’s General Data Protection Regulation have had a positive impact on the technology industry, remarks that come days after Facebook Inc. CEO Mark Zuckerberg called for stepped up government oversight …
The Food and Drug Administration said that it is investigating a small number of reports over several years of e-cigarette users experiencing seizures. The potential link was seen mostly in young vapers, FDA Commissioner Scott Gottlieb and Principal Deputy Commissioner …
Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help create regulations in the United States. General Motors Co., Ford Motor Co. and Toyota Motor Corp. …
The steady extension of supply chains over recent decades has exposed businesses to various risks resulting from temporary interruption. These types of interruptions to a supply chain can result in significant losses, even over the short term. While it’s natural …
Former U.S. Sen. Harry Reid was challenged last Friday about his “veracity” and truthfulness after saying that his political career was cut short by an eye injury that he blames on an exercise band maker. Attorney Laurin Quiat, representing the …
Insurer American International Group Inc. said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism. The pay, for Duperreault’s …
