Industry News
‘Buffett Got It Wrong’ on California Fire Risk: PG&E CEO
Warren Buffett's warning that wildfires have turned utilities across the western U.S. into risky investments is mistaken — at least in California, according to the head of the state's largest ...
GM Ends OnStar Driver Safety Program After Privacy Complaints
General Motors Co. has ended its OnStar Smart Driver program after customers complained it violated their privacy. OnStar had cut deals with LexisNexis and Verisk to share personal driving data as ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Class Action Opposes Limiting Ship’s Liability for Baltimore Bridge Collapse
A Baltimore small business has filed a class action against the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge last month. The suit, filed Thursday by Karen ...
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 ...