Risk
Insurers Could Be Unknowingly Subsidizing Marijuana Grow Houses
While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size is thriving. Some enterprising growers are working on ways to get home insurers to cover their capital ...
U.S. Commercial Insurance Prices in Q4 Continued Their Accelerated Rise: Willis Towers Watson
U.S. commercial insurance prices continued rising at an accelerated pace in the 2019 fourth quarter, with the aggregate price change exceeding 6 percent, according to a new Willis Towers Watson ...
State Farm to Leave Banking Business Through New Strategic Alliance
State Farm is getting out of the banking business. The property/casualty insurer said it has formed a strategic alliance with U.S. Bank, allowing it to assume State Farm Bank's existing deposit and ...
U.S. P/C Net Underwriting Income Grew by Nearly $5B in 2019: A.M. Best
Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said in a new report. Underwriting income hit $4.1 billion in 2019, from a ...
Investor Sues Bayer, Alleging ‘Disastrous’ Monsanto Acquisition
A Bayer AG investor sued the board and other top company officials, claiming the "disastrous" 2018 acquisition of Monsanto Co. eroded the company's share value by saddling it with potentially ...
New York Residents Can Buy Travel Insurance With Coronavirus Protections
Travel insurers and travel agents will offer New York residents and businesses the ability to buy coverage that would allow them to cancel a trip for any reason, including those related to ...
Aon, Willis Tower Watson to Combine in Massive Merger Deal
Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. Under ...
Tractable’s AI-Focused Disaster Recovery Tech Has Global Possibilities: CEO Dalyac
Now that Tractable has nailed down $25 million in new venture financing, founder and CEO Alex Dalyac's growth plans are kicking in. The InsurTech startup, launched in 2014, develops artificial ...