The Inflation Specter Looms for Property/Casualty Insurers March 23, 2021 By Bill Burns Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise...
Allianz Partners Adds Epidemic Coverage to Travel Insurance Products March 23, 2021 Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage...
Supreme Court Nixes Facebook Bid to Curtail $15B Class Action Over User Tracking March 22, 2021 By Andrew Chung The U.S. Supreme Court on Monday turned away Facebook Inc.’s bid to pare back a $15 billion class action lawsuit...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service March 22, 2021 The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on...
Biden Administration Warns Firms to Quit Aiding Nord Stream 2 Pipeline March 22, 2021 By Daphne Psaledakis and Timothy Gardner The U.S. State Department is tracking efforts to complete Russia’s Nord Stream 2 natural gas pipeline and evaluating information on...
Apple Says It Will Appeal $309M Jury Verdict Over Patent Infringement March 22, 2021 A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for...
Scientists Say Advanced Nuclear Reactors Not Safer Than Conventional Plants March 22, 2021 By Timothy Gardner A new generation of so-called “advanced” nuclear power reactors that Washington believes could help fight climate change often present greater...
Amwins Launches Alarm Contractors Program March 22, 2021 Amwins Program Underwriters has developed a new insurance coverage dedicated to alarm contractors that includes commercial general liability, professional liability,...
Chubb Bids for Significant Scale Including The Hartford’s ‘Crown Jewel’ March 19, 2021 By Mark Hollmer Five years ago, Evan Greenberg led ACE’s nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as...
Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb March 19, 2021 By Andrew G. Simpson While Chubb’s $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers,...