Underwriting
U.S. Commercial Prices Rose Just Above 2 Percent in Q1: Willis Towers Watson
Carriers reported that U.S. commercial insurance prices grew just above 2 percent on average during the 2019 first quarter, according to Willis Towers Watson's latest CLIPS survey. Willis Towers ...
Three Business Cases Added to SCOTUS Roster That Would Curb Lawsuits
The U.S. Supreme Court bolstered its next term with three new business cases, agreeing to consider curbing lawsuits over environmental cleanups, employee retirement plans and allegations of racial ...
California May Expand Practice of Cutting Electricity to Reduce Wildfire Risks
Utility PG&E Corp proactively shut off power on Saturday to around 1,600 customers in northern California and said it might expand the shutdown to tens of thousands more due to an increased risk ...
Men Rejected for Google Jobs Clear Hurdle Over Lawsuit Alleging Liberal Bias
White conservative males who allege that liberal bias at Google Inc. doomed their chances of getting hired by the tech giant cleared the first hurdle to proceed with their lawsuit. A California state ...
MGA InsurTech Getsafe Lands $17M Financing to Fuel European Expansion
A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe's new money will help propel an expansion ...
The U.S. Faced Record Reports of Tornadoes, Hail, Winds in May: Aon
The U.S. dealt with close to 4,400 reports of tornadoes, hail and straight-line winds in May, the most since 2011, according to weather data cited by Aon's monthly Global Catastrophe Recap report. ...
Wells Fargo Will Pay at Least $385M to Settle Auto Insurance Scam
Wells Fargo & Co. agreed to pay at least $385 million to customers who say they were signed up for auto insurance without their knowledge or consent when they took out a car loan. Terms of the ...
Swiss Re Moves Ahead With Planned $4.5B IPO for UK Life Biz
Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund ...