Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program. The House Financial Services Committee unanimously (57-0) passed the Terrorism Risk Insurance Program Reauthorization Act (H.R. 4634), which would …
An organization of state lawmakers is moving ahead toward adoption of a “model law” designed to encourage the sale of private flood insurance, even though insurers don’t think any new state laws are necessary and agents think the current draft …
Taylor Swift won’t escape so easily after all from allegations that her 2014 hit “Shake It Off” illegally copied the lyrics of “Playas Gon’ Play.” The U.S. Court of Appeals in San Francisco on Monday overturned a judge’s ruling throwing …
Selective Insurance Group announced that John J. Marchioni, who has served as the company’s president and chief operating officer since 2013, has been unanimously elected as its next chief executive officer, effective Feb. 1, 2020. Marchioni will succeed Gregory E. …
Ride-hailing company Lyft Inc. on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end of 2021. As pressure to become profitable mounts in the ride-hailing industry, Lyft executives …
The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age. Given the unprecedented sophistication of the systems, which include …
Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and Tech E&O; FranchisoRap – Franchisee …
Markel has launched a risk management tool for its cyber policyholders. The new WhiteHaX testing and reporting tool simulates cybersecurity breaches and assesses the readiness of deployed security infrastructure and software. It is designed to be especially useful for small-to-medium …
Global insurer Chubb reported a banner 2019 third quarter, even though the company’s net income took a hit largely from losses relating to an accounting adjustment. Net income for the insurer reached $1 billion compared to more than $1.2 billion …
Construction workers are more likely to use drugs than workers in other professions, finds a study by the Center for Drug Use and HIV/HCV Research at NYU College of Global Public Health. The study, published in the journal Drug and …
