Commercial Lines
Chubb Is Now the U.S. Open’s Official Insurance Sponsor
The U.S. Tennis Association announced that insurance carrier Chubb has become the official insurance sponsor of the U.S. Open under a multi-year agreement that begins immediately. Chubb's branding ...
Chinese InsurTech Waterdrop Raises $230M From Swiss Re, Others; U.S. IPO Planned
Chinese online insurance technology platform Waterdrop Inc has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday. ...
COVID-19 Pandemic Takes Particular Toll on Younger Employees
The coronavirus pandemic has taken its toll, particularly on younger employees. Gen Z employees – those born starting in 1995 – were three times more likely than all other employees since the ...
U.S. States Claim OxyContin Maker Purdue Pharma Owes Them $2.2 Trillion
U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP's alleged role in America's opioid epidemic, accusing the drugmaker in new filings of pushing ...
State Auto Plans Broad Rollout of Agent Platform Developed With Amazon
State Automobile Mutual Insurance Company is planning a national rollout of a platform designed with Amazon to help independent insurance agents better serve the insurer's policyholders. A beta ...
Carnival Discloses Ransomware Attack That Accessed Guest, Employee Data
Cruise operator Carnival Corp said on Monday it launched an investigation into a ransomware attack on one of its brand's information technology systems. Carnival, which operates AIDA, Carnival and ...
Three Years After NotPetya, Cyber Lessons Continue for the Insurance Industry
This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies ...
Service Lift-Outs: How Carriers Can Gain Through Subtraction
How many books of business could flourish with a renewed investment in service? We see neglected or underappreciated books all the time. A carrier will abandon a book with a bright future because it ...