Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment. Driverless transportation has been hailed as a transformative revenue opportunity, with the …
Senate Judiciary Chairman Lindsey Graham said Tuesday he wants to limit a liability exemption treasured by internet platforms such as Alphabet Inc.’s Google and Facebook Inc. if they don’t comply with industry best practices. The comments by Graham, an ally …
Specialty insurer Kemper Corp. has entered into an agreement to move its Classic Collectors book of business to specialist Hagerty, a leader in the collector vehicle insurance market, The book of business generated approximately $16 million in annual premium in …
The U.S. appeals court judges tasked with deciding the fate of the hot potato known as Obamacare had some choice words Tuesday for Congress and the Trump administration. “Why does Congress want the judiciary to be a taxidermist for every …
A federal judge said he’ll probably reduce — but not throw out entirely — an $80 million jury verdict against Bayer AG in the second case to go to trial over claims the company’s Roundup herbicide causes cancer. U.S. District …
Giant insurer Nationwide is partnering with an insurtech in an effort to speed up its product underwriting for commercial lines property/casualty agents. The technology Nationwide is deploying was developed by Ohio-based Bold Penguin. The portal offers real time commercial risk …
Larry Nicholson of American Integrity Insurance Co. in Tampa, Florida has been elected to serve as president and chair of the Society of Insurance Trainers and Educators (SITE) for 2019-20. Nicholson previously served on the board of directors of SITE …
W. R. Berkley Corp. announced the appointment of Daniel R. Westcott as president of Berkley Re America (BRAM). Westcott has 20 years of experience in the property/casualty reinsurance market. He joins Berkley from The Navigators Group, where he has been …
Blame Uber. While the era of app-based ridehailing services, such as Uber and Lyft, has been credited with everything from keeping impaired drivers off the road to increasing job opportunities to adding new levels of convenience, there is a downside. …
ProWriters Insurance Services has added CFC Underwriting Ltd. and insurtech startup At-Bay writing on Hartford Steam Boiler paper to its Cyber IQ platform. ProWriters introduced its Cyber IQ platform comparative rating portal in November of 2018 that allows brokers and …
