Markets
The Latest Launches From Munich Re/HSB and Slice Labs/Duuo
Munich Re's Hartford Steam Boiler launched a new sensor product focused on cellular Internet of Things technology. Slice Labs, an on-demand insurance cloud platform provider, disclosed the fruits of ...
MGM Will Pay Nearly $800M to Vegas Mass Shooting Victims by Late 2020
MGM Resorts International agreed to pay as much as $800 million to settle most claims arising from the October 2017 mass shooting at one of its properties on the Las Vegas Strip. The company expects ...
Tesla’s Summon-Your-Car Feature Draws Attention of U.S. Safety Regulator
The top U.S. road-safety regulator is gathering information about a Tesla Inc. feature that allows customers to remotely call for their car to pick them up. The National Highway Traffic Safety ...
Markel Sells Brazilian Insurance Operations to Division’s Executive Team
Markel International, the London-based specialist insurer and subsidiary of Markel Corp., announced that it has sold its insurance operations in Brazil to its existing executive team. Markel ...
Ireland Predicts No-Deal Brexit if UK Proposals Are Final
If Britain's latest proposals for an agreement on leaving the European Union are its final offer, then a no-deal Brexit lies ahead, Irish Foreign Minister Simon Coveney said on Thursday. British ...
Tokio Marine to Grab PURE Group in $3.1B Deal
Tokio Marine Holdings Inc will buy insurer PURE Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade. Japanese ...
New Hampshire Is Most Affordable State for Auto Insurance: J.D. Power
The average cost of auto insurance has risen at twice the rate of median household incomes across the U.S. over the past decade, according to the J.D. Power 2019 U.S. Insurance Shopping Study. Not ...
Insurance Linked Securities in 2019: Asking the Right Questions
The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is ...