Industry News
Bill Cosby Sex Assault Accusers Seek to Expand Statute of Limitations
A group of women who accused Bill Cosby of sexual assault and were dismayed when he had his conviction overturned and left prison are trying again to seek justice in the courts, by urging states to ...
Insurer Must Defend Firm Sued for Selling Facial Recognition Program to Police
An ambiguous coverage exclusion prevents a liability insurer from dodging the cost of defending a data broker that was sued after selling the Chicago Police Department access to a facial recognition ...
Farmers Halts Homeowners Policies in Florida
Farmers Insurance confirmed it has halted sales of new homeowners policies in Florida just as the new hurricane season is getting underway. The insurer cited rising costs as the reason. "With ...
U.S. P/C Records $8.2 Billion Underwriting Loss in Q1: AM Best
A rise in first-quarter losses in the homeowners insurance line of business primarily put U.S. property/casualty underwriting results in the red, according to AM Best. The U.S. P/C industry booked an ...
InsurTech Thinksurance Raises $24M in Latest Funding Round
Thinksurance, a Frankfurt, Germany-headquartered InsurTech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The ...
Investors Step Up Risk Management After Last Year’s Crypto Meltdowns
Cryptocurrency investors have grown more cautious about who they do business with after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a ...
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 ...