The fan blade that failed on a Southwest Airlines Co. plane last month, killing a passenger, had been inspected seven times since late 2012 but without the sophisticated technology airlines are now under orders to use. The inspections relied on …
As the U.S. market for telemedicine continues to expand, so does demand for insurance coverage for these providers, according to Beazley, which launched its product last summer. The U.S. is the largest and most mature telemedicine market, with revenues projected …
Jonathan W. Hall, chief operating officer of commercial and industrial property insurer FM Global will retire on July 1, 2018, after 37 years with the company. During his tenure with FM Global, Hall has held a variety of leadership positions. …
State Automobile Mutual Insurance Co.’s newly launched $25 million venture fund has made its first investment. The lucky winner is Matterport, a 3-D documentation firm that can be used in underwriting and claims. Neither party – State Auto Labs Fund …
American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer posted $938 million, or $1.01 per share, in net income …
Makers and distributors of the prescription opioids that triggered a U.S. public health crisis are responsible for a rise in health insurance premiums, according to first-of-their-kind lawsuits filed in five states. The suits open another front in the burgeoning litigation …
Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The settlement with Lockton is the first in what is a broader …
A U.S. traffic safety regulator on Wednesday contradicted Tesla Inc.’s claim that the agency had found that its Autopilot technology significantly reduced crashes, saying that regulators “did not assess” the system’s effectiveness in a 2017 report. Autopilot, a form of …
AAIS (American Association of Insurance Services), a national not-for-profit insurance advisory organization governed by its member companies, has filed a Cannabis Businessowners Policy in the state of California. The development of the policy, according to AAIS, was in response to …
Talks between billionaire Masayoshi Son’s SoftBank Group Corp. and Swiss Re AG about buying a stake in the world’s second-biggest reinsurer have come to a standstill, people familiar with the matter said. The two sides disagree on the price and …
