Industry News
Delaware vs. IRS: Fight Over Captive Insurers’ Data Privacy Headed to Supreme Court
The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service over the release of information on captive insurers. This fight has placed Delaware's state ...
State Farm Seeking $1.5M From Owners of Collapsed NYC Garage
The collapse of a New York City garage in April was caused by the negligence of the owners of the building, according to their insurer, State Farm, which is suing them to recover $1.5 million in ...
Liberty Mutual Will No Longer Offer Business Owner’s Policies in California
Property and casualty insurer Liberty Mutual will stop offering its businessowners policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher ...
22 States Move to Block 3M’s $10.3 Billion PFAS Deal
A group of 22 states and U.S. territories on Wednesday moved to block a proposed $10.3 billion settlement that would resolve claims against 3M Co over water pollution tied to "forever chemicals," ...
Climate Change Lawsuits More Than Double in 5 Years as Impacts Hit Home
The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home for millions, a report said ...
Tech Bytes: New Partnerships at Slice, Simply Business, Send
Slice, a technology company with an on-demand insurance platform and products to protect small businesses, has partnered with First Connect Insurance Services. First Connect is an InsurTech platform ...
Automation, Analytics Behind Proactive Approach to Insurers Facing Hurricane Losses
A new report by Insurity, a cloud-based software provider for insurance carriers, brokers and MGAs, highlights the best practices insurance organizations can implement to move away from a reactive ...
Chubb Quarterly Profits Come Out Stronger Than Expected
Chubb beat estimates for quarterly profit on Tuesday as higher returns from its investments cushioned a hit from catastrophe-related claims. Investment income, which had slumped for most insurance ...