Industry News
Tech Bytes: New Partnerships at Arturo, Hippo, Consumer Intelligence
Arturo, a PropTech company that delivers analytics from individual property to portfolio, and ICEYE, a SAR data provider and natural catastrophe service provider, announced a partnership. ICEYE's ...
Medical Pro Liability Insurance Market Improves but Still Unprofitable
The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021, but its combined ratio remained an unprofitable 108 and a return to profitability ...Sterling Jewelers Reaches $125M Settlement in Long-Running Sex Bias Case
Sterling Jewelers Inc. agreed to pay $125 million to roughly 68,000 female retail sales workers who sued the company 14 years ago alleging sex bias in pay and promotions, according to a press ...
NHTSA Upgrades Tesla Autopilot Safety Probe, Step Before Possible Recall
The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla vehicles with its advanced driver assistance system Autopilot, a required ...
Insurers, Self-Insureds Now Facing $9B in Black-Lung Liabilities, Milliman Says
The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurer and self-insured companies' liabilities for black-lung occupational disease claims have ...
Liberty Mutual Announces Senior Executive Appointments
Liberty Mutual announced that Monica Caldas has been named executive vice president and chief information officer, effective January 2023. With this appointment, Caldas joins the company's executive ...
Black Sea Mine Removal Needed Before Ukraine Grain Can Be Shipped, Insurers Return
As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will ...
Citizens Adds Thousands of Policies but Has Yet to Complete Reinsurance Needs
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting ...