Industry News
The Latest Launches from LexisNexis Risk Solutions, The Hartford, Arch Insurance
LexisNexis Risk Solutions announced the launch of LexisNexis C.L.U.E. Auto Damage 360. LexisNexis C.L.U.E. Auto is a claims history database, and C.L.U.E. Auto Damage 360 continues its tradition of ...
Class Action Against USAA; Failure to Pay Lessees Residual Value of Totaled Cars Alleged
A recently filed class action lawsuit in a California District Court accuses USAA General Indemnity Company of deceptive and unfair practice for failing to pay insureds the amount owed after leased ...
McKinsey Agrees to Pay $230 Million to Settle More Opioid Suits
McKinsey & Co. is poised to pay $230 million in its latest settlement of lawsuits blaming the company for its role advising opioid manufacturers in their sales of the painkillers. The proposed ...
Paladin Cyber Rebrands as Upfort to Reflect Extended Capabilities
Paladin Cyber, a leading full-stack cybersecurity and insurance platform, has changed its corporate name to Upfort to reflect its expanded capabilities. Upfort also announced two senior hires to ...
Rising Claims Costs Limit U.S. P/C Profitability in 2023
While the profitability outlook for the U.S. P/C industry this year is mixed, Swiss Re predicts a stronger year in 2024, as premium increases and interest rates improve industry results. According to ...
James River Sells Individual Risk Workers Compensation Renewal Rights to Amynta Group
Bermuda-based James River Group Holdings Ltd. on Monday announced that some of its subsidiaries have entered into an agreement to sell the renewal rights to their Individual Risk Workers Compensation ...
Why Hurricane Costs Keep Rising Even as Building Codes Get Tougher
Despite efforts to reduce vulnerability to catastrophic weather events such as Hurricane Ian, rapid population growth and increased storm frequency have driven loss expectations even higher, ...
Lloyd’s Cyber Specialist Trium Cyber Opens London Office
Trium Cyber, a Lloyd's cyber specialist, announced that the U.S.-based company has opened a London office to write coverage for clients based outside of the U.S. "Our advanced technical underwriting, ...