Commercial Lines
HSBC May Bid for Aviva’s Asian Assets
HSBC Holdings Plc, the bank that shook up its senior leadership this month, is considering a bid for Asian operations being sold by Aviva Plc as it seeks ways to diversify its business in the region, ...
Endo Settles First Federal Court Opioid Case for $11 Million
Endo International Plc agreed to an $11 million settlement to avoid going to trial in the first federal court cases targeting opioid makers and distributors over the public-health crisis caused by ...
Walmart Alleges ‘Widespread’ Tesla Negligence Over Solar Energy System Fires
Walmart Inc on Tuesday sued Tesla Inc, accusing it of "widespread negligence" that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than ...
Can InsurTechs Really Disrupt Insurers and Reinsurers?
The mantra of InsurTechs is changing. Initially, InsurTechs were going to disrupt the insurance industry through the use of technology; however, technology alone cannot replace the vital role played ...
Autonomous Vehicles: InsurTech Investors Push for a Front Row Seat
Before manufacturers let autonomous vehicles loose on public roadways, they'll have to show that their driverless cars are a lot better than humans at getting from Point A to Point B without ...
5 P/C Insurer CEOs Sign Pledge Promising Meaningful Corporate Social Responsibility
CEOs of some of the largest property/casualty insurers signed onto a new document, along with some of the nation's largest and most influential companies, urging corporate leadership for the benefit ...
Hamilton Completes Acquisition of Liberty Mutual’s Pembroke Managing Agency, Ironshore Europe DAC
Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual's Pembroke Managing Agency at Lloyd's and its Ironshore Europe DAC business. The acquisition, first announced in ...
Root Reportedly Nears Finish of $350 Million Financing Round: WSJ Report
Root Insurance is reportedly nearly finished raising $350 million in new financing, The Wall Street Journal is reporting. Roots' latest funding round is expected to be completed sometime this month, ...