Markets
Is a Scooter a Vehicle? Appeals Court Says ‘Yes’ and State Farm Must Pay UM Claim
State Farm must pay an uninsured motorist claim for injuries caused by an electric motor scooter even though the scooter didn't match the definition of "motor vehicle" in ...
Beat Capital Launches Specialist Energy Insurance Business
Beat Capital Partners, a long-duration venture-capital investor that specializes in the insurance industry, announced the launch of a specialist energy underwriter, ...
Distraction, Speeding, Alcohol Drive Up 2021 Traffic Deaths
Nearly 43,000 people died in U.S. traffic crashes in 2021—the highest number in 16 years—with deaths due to speeding and impaired or distracted driving on the ...
Dollar General Targeted for Systemic Work Hazards
Dollar General Corp.'s stores are as ubiquitous in small-town America as Starbucks cafes in cities and suburbia. And just like the coffee giant, it's facing increasing ...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks
Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are "material" legal risks, in a move that marks the ...
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?
Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially ...
Florida Regulators Now Reviewing Rate Hikes of 14%, 62% and 103%
Three Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy increase as high as 103 ...
Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform
Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™. Tremor Issuer is part of the suite of ...
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in ...

