Commercial Lines
Tech Arms Race Favors Giant Commercial Carriers
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
Amazon Accused of Obstructing House Probe of Deadly Tornado
Amazon.com Inc. is obstructing a congressional investigation of a deadly December tornado by failing to provide documents about emergency preparedness and communications with workers during the ...Tesla Faces Increase in Complaints Over ‘Phantom Braking’
Tesla Inc. is facing stepped-up scrutiny from U.S. regulators who have received 758 complaints of cars made by the company that suddenly brake at high speeds—more than double the number of reported ...
‘Pay-As-You-Go’ Workers Comp MGA Hourly Raises $27M
Workers compensation InsurTech Hourly has raised $27 million in a series A seed round. The platform lets employers with hourly workers run payroll, track time and attendance, and manage workers ...
Federal Investigators to Review FDA Response to Baby Formula Recall
Federal investigators have launched a review into whether the U.S. Food and Drug Administration properly inspected Abbott Laboratories' Michigan plant and how the agency oversaw the baby formula ...
FEMA Pushing for Stronger Building Codes Nationwide
On the first day of the Atlantic hurricane season, federal officials announced a new initiative to modernize building codes across the country so that communities can be more resilient extreme ...
U.S. Product Recalls Reach 10-Year High in Q1
Over 900 million units were recalled during the first quarter in the United States in the automotive, consumer products, food and drink, pharmaceutical, and medical device industries, according to ...
Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB
According to The Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could ...