Markets
E-Cigarette Maker Juul to Pay NC $40M to Resolve Claims It Marketed to Minors
E-cigarette maker Juul Labs Inc has agreed to pay $40 million to North Carolina to settle a lawsuit by the state accusing it of marketing its products to minors. The settlement, announced on Monday ...
Global RV Rental/Travel Marketplace Outdoorsy Raises $120M, With Plans to Expand Insurance Division
Digital MGA Roamly is poised for expansion, thanks to more than $120 million in equity and debt financing raised by parent company Outdoorsy - a global online RV rental and outdoor travel ...
Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses
Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government's COVID-19 lockdown last year, the Lloyd's of London insurer said on ...
Warning: High-Tech Cyber Crime Will Keep Coming, ‘Terminator’-Style
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at ...
Alldredge Named New NAMIC Leader, Succeeding Chamness
The National Association of Mutual Insurance Companies promoted one of its veteran executives to become its next president and chief executive officer. Neil Alldredge takes on the top spot as of July ...
Allstate, CNA, Nationwide Vets Join Kin Insurance in Key Leadership Roles
Kin Insurance, a catastrophe-risk specialist home insurance startup, has turned to veterans of Allstate, CNA, Nationwide and elsewhere to fill key leadership slots as it expands. Kin recently raised ...
Buffett’s Berkshire Hathaway Appears to Extend Stock Repurchase Effort
Warren Buffett's Berkshire Hathaway Inc appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. ...
Japan Insurers Struggle to Produce Reliable Climate Change Cost Estimates
As the world tries to price the cost of climate change, Japan's second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from ...