Industry News
Executives on the Move at QBE NA, Gallagher, Grange
QBE North America promoted Michael Foley to president, Commercial Insurance. He will be responsible for planning, directing and executing the vision for lines of business including Middle Market, ...
‘Telematics Is a Tool’: Root CEO Details Changed Strategy for 2023; UBI Basics
As InsurTech Root focuses its attention on signing up partners for embedded insurance relationships, telematics is taking a back seat to other pricing factors. But the company launched as a ...
Louisiana Supreme Court Reverses; No Coverage Owed for COVID Shutdown
The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder's business interruption claim for income lost because of government restrictions imposed to slow ...
FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads
The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc., Twitter, TikTok and YouTube seeking information on how ...
‘Climate Time Bomb Ticking’, Warns UN Chief, Urging Faster Cuts to Emissions
UN Secretary General Antonio Guterres warned that the "climate time bomb is ticking" as he urged rich nations on Monday to slash emissions sooner after a new assessment from scientists said there was ...
WCRI: Consolidation of Health Care Driving Up Prices in Work Comp
Consolidation of physician services into larger groups owned by hospitals and health care systems is driving up the cost of care in workers compensation, according to a new study by the Workers' ...
DeSantis Turns Heads With Comment That Citizens Insurance ‘Not Solvent’; Board Approves Cat Bond
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has "not been solvent" and may be unable to pay all claims ...
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles — leading to higher ...