Industry News
Robotics in the Workplace Improves Safety: White Paper
Adding technology in the workplace can help injuries and deaths, especially in manufacturing, says a new white paper released by the National Safety Council. "Robotics have long been deployed by ...
Generali Set to Buy Some Liberty Mutual’s European Ops in $2.5B Deal
Boston-based Liberty Mutual Insurance and Generali Group announced a definitive agreement for Generali to acquire some western European operations of Liberty Seguros, S.A.—Liberty Mutual's personal ...
By the Numbers: Rising Insurance Litigation
A new report highlighting trends in federal district courts and appellate courts indicates insurance litigation continues to increase, especially relating to business liability policy, ...
Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market: Gallagher Re
Despite a relatively average 2022 wildfire season, fears of wildfires remain at an "all-time high," and those fears appear to be one driver of decision-making on property ...
AM Best: U.S. Cyber Insurance Segment Reflects Hard Market, Profits
Last year marked robust growth in the U.S. cyber insurance market, with direct premiums increasing by 50 percent to $7.2 billion, brought on by better underwriting and improved loss ratios, according ...
Zurich Insurance Eyes $400M Stake in India’s Kotak General Insurance
Zurich Insurance Group is in talks to buy up to 51 percent of India's Kotak General Insurance, two sources with direct knowledge of the matter said, a deal that would mark its first major bet on the ...
Nationwide Taking Actions to Limit Risk in Personal, Commercial Books
Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 "business actions update" Nationwide announced moves "to mitigate risk and ...
Driver Technologies Closes $6M Strategic Funding Round
Driver Technologies Inc., an AI-based mobility tech company, announced the closing of a $6 million strategic funding round led by New York-based investment firm, IA Capital, and CT Innovations, the ...