Industry News
Insurers Latest Target of U.S. AGs ESG Antitrust Concerns
This week, insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their ...
KCC: Ian Contributed to Sizable Insured Losses Despite Mostly Average ’22 Hurricane Season
Last year, the state of Florida sustained the largest hurricane loss with Ian, with estimates of more than $100 billion in economic damage, including uninsured properties, damage to infrastructure, ...
Tech Bytes: New Partnerships at Openly, One80 Intermediaries, The Insurance Superstore
Openly, a homeowners insurance provider, and Trellis, a technology company focused on distribution of personal lines of insurance, announced a new partnership. Operating as an independent agent, ...
Bolttech Raises $196M Series B with Up-Round Valuation of $1.6B
International InsurTech bolttech announced it raised $196 million in connection with its series B with an up-round valuation of $1.6 billion. The round was led by Tokio Marine. Other key investors ...
Supreme Court Spurns Dispute Over Roundup Class-Action Settlement
The U.S. Supreme Court on Monday declined to hear a dispute involving a lawsuit against Bayer AG's Monsanto Co that could rein in a common form of settlement in class action cases under which money ...
AM Best: Current D&O Market Rates Could Prove Inadequate
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to ...
J&J’s Proposed Talc Settlement Would Pay $400 Million to State AGs
Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader $8.9 billion effort to settle claims that its Baby Powder and other talc ...
Carrier Management, Other Wells Media Publications Awarded for Excellence
Wells Media Group publications, online, research and podcasts have won a total of nine 2023 Azbee Awards of Excellence from the American Society of Business Publication Editors (ASBPE). "Being ...