Markets
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 ...
Beyond the Print Edition: Nationwide P/C’s Prez Talks About Inflation and Telematics
Much of a recent interview that Carrier Management had with Mark Berven, the president and chief operating officer of Nationwide Property/Casualty, focused on the carrier's commercial lines ...
McCathron Succeeds Wand As Hippo CEO
InsurTech Hippo, a home insurance group focused on proactive home protection, announced Monday that it has appointed President Richard McCathron as chief executive officer, replacing founder and ...
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 ...