Industry News
Judge Won’t Dismiss Lawsuits Against Travis Scott Over Deadly Astroworld Concert
A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surge. State ...
Allstate Will Insure California Homes Again, Under One Condition
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according ...
Tech Bytes: New Partnerships at bolttech, Verisk, Chubb
International InsurTech bolttech announced its expansion into the Middle East with the launch of its partnership with stc Group, a telecommunications company. bolttech's collaboration with stc Group ...
ICEYE Announces Agreement for $93M Growth Funding Round
ICEYE, a provider of synthetic aperture radar satellite operations for Earth Observation, persistent monitoring, and natural catastrophe solutions, announced that a definitive agreement was signed ...
Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh
Global commercial insurance rates increased by 1 percent on average in the first quarter of 2024, compared with a 2 percent increase in Q4 2023, according to the Global Insurance Market Index ...
Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI's ...
FTC Issues Worker Non-Compete Ban as Chamber Lawsuit Looms
The U.S. Federal Trade Commission voted Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule ...
E&S Property In Focus: Competition Up, Price Momentum Waning
During separate earnings conference calls this week, executives of two property/casualty specialty writers—W.R. Berkley Corp. and RLI Corp.—signaled a changing E&S property insurance market. ...