Commercial Lines
Takata Corp. Slow to Repair Defective Air Bags in U.S. Vehicles
Nearly two-thirds of the U.S. vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto ...
Machine Learning at an MGA
Machine learning, AI, cognitive computing and predictive analytics—terms that are oftentimes used interchangeably these days—are washing over the insurance industry with promises of increased ...
‘Brexit Bill’ Proposal Likely From Britain Before December EU Summit
Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on ...
FAA Approves AT&T Drone for Puerto Rico Cellular Service
The U.S. Federal Aviation Administration on Friday said it had approved a request by AT&T Inc to use a new drone known as the Flying Cow or Cell on Wings to help restore cellular service in ...
Markel Vice Chairman Crowley to Retire; CFO Waleski Will Leave by Early 2019
Markel Corp said its vice chairman is retiring by the end of 2017, and its chief financial officer will be leaving in early 2019. Markel Vice Chairman F. Michael Crowley said he will retire on Dec. ...
California Wildfire Insured Losses Might Surpass $10B: AIR Worldwide
Insured loss estimates are coming in for the fall's historic California wildfires, and they're substantial. Catastrophe modeling firm AIR Worldwide said it estimates insured losses from the fires ...
J&J Came Out on Top in Calif. Lawsuit Claiming Asbestos in Talc Caused Cancer
A California jury on Thursday ruled in favor of Johnson & Johnson in a lawsuit by a woman who said she developed the cancer mesothelioma after being exposed to asbestos in the company's ...
Cyber Insurance Startup At-Bay Pulls in a $6 Million Seed Round
At-Bay, a new insurance company startup focused on cyber insurance and related risk management, came out of stealth mode on Nov. 17 with news of $6 million in seed venture funding. LightSpeed Venture ...