Underwriting
Slow Moderation of U.S. Commercial Insurance Rate Hikes Continues in Q3: Willis Towers Watson
Certain U.S. commercial insurance segments saw robust price increases in the 2021 third quarter, but the sector overall continued to see a slowing and steady moderation in rate hikes, according to a ...
Belgian Insurer Ageas Draws Renewed Acquisition Interest From Investor Group
BE Group, an investor group fronted by former financial services dealmakers, is exploring the feasibility of a fresh pursuit of Belgian insurer Ageas after a previous attempt was rebuffed, people ...
InsurTech Buckle Inks MGA Agreement With Amwins Specialty Auto
Buckle, an InsurTech with a full-stack insurance-as-a-service platform for the gig economy, has inked a managing general agency (MGA) agreement with Amwins Specialty Auto, a non-standard auto ...
Facebook Faces $150M Class-Action Lawsuit From Rohingya Refugees Over Myanmar Violence
Rohingya refugees from Myanmar are suing Meta Platforms Inc, formerly known as Facebook, for $150 billion over allegations that the social media company did not take action against anti-Rohingya hate ...
As Ransomware Attacks Rise, U.S. Bank Regulator Urges Vigilance
A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report ...
La Nina, Stuck Jet Stream Blamed for Unusually Warm Weather
America's winter wonderland is starting out this season as anything but traditional. The calendar says December but for much of the country temperatures beckon for sandals. Umbrellas, if not arks, ...
U.S. SEC Investigating Tesla Over Whistleblower Claims on Solar Panel Defects
The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks ...
P/C Insurers Face ‘Massive’ Political Risks in 2022: III Joint Industry Forum
Property/casualty insurers head into 2022 facing "massive" political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery ...