Commercial Lines
How Amazon Thinks About Auto Insurance for Delivery Service Partners
Amazon runs an auto insurance program for its delivery service providers, but if those DSPs choose to buy their insurance from competitors instead, Amazon is fine with that. In fact, Amazon might ...
Judge Approves $1B Settlement in Deadly Florida Condo Collapse
A judge gave final approval Thursday to a settlement topping $1 billion for victims of the collapse of a Florida beachfront condominium building that killed 98 people, one of the deadliest building ...
It’s Personal: How Carriers Can Use Behavioral Analytics to Manage Cyber Risk
The cyber insurance market is in the midst of a reckoning after years of low premiums and inadequate loss control have led to increasing claims frequency and severity. Now, demand for coverage is ...
Carriers Will Be Slow to Raise Limits in ‘Nuanced’ Pricing Market: CEOs
Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to ...
Legal Clashes Await U.S. Companies Covering Workers’ Abortion Costs
A growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to ...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
The hard market for cyber insurance, which is expected to continue for "some time," and a lack of capacity has made captive insurers an "attractive risk management option for corporations," said AM ...
Tesla Sued by Former Employees Over ‘Mass Layoff’
Former Tesla Inc. employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance ...
Tokio Marine Kiln Selling Highland’s U.S. Construction Biz to Intact Insurance
Tokio Marine Kiln (TMK) has agreed to sell its Tokio Marine Highland's (TMH) U.S. construction division to Intact Insurance Group USA LLC (Intact). Financial terms of the deal were not disclosed in ...