Industry News
Tech Bytes: New Partnerships at Swiss Re Corporate Solutions, Sensa, Shift Technology
Swiss Re Corporate Solutions and The Hartford entered into a strategic agreement that expands The Hartford's network of global partners, giving the company's multinational customers broader access to ...
Liberty Mutual Closes Deal for State Auto Group
Liberty Mutual Insurance said it completed the all-cash deal of about $1 billion for super-regional insurer State Auto Group. The transaction was originally announced in July 2021. Now that it gained ...
AIG Commits to Net-Zero Greenhouse Gas Emissions in Underwriting, Investment by 2050
American International Group said it is committed to achieving net-zero greenhouse gas emissions across its global underwriting and investment portfolios by 2050. AIG already made a commitment last ...
Cargo Ship Carrying Luxury Cars Sinks Off Portugal’s Azores
A burnt-out cargo ship carrying thousands of luxury cars, including Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago nearly two weeks after it caught fire, a port official ...
Hub, Bold Penguin to Acquire Small-Business Digital Agency Insureon
Brokerage Hub International and InsurTech Bold Penguin have agreed to acquire digital agency Insureon Holdings. Chicago-based Insureon calls itself the top independent marketplace for online delivery ...
Homeowners Less Satisfied With Their Claims Experience: J.D. Power
Overall customer satisfaction with homeowners insurance claims fell to a five-year low, according to a new study by J.D. Power, as nearly every insurer's scores were dragged down by slower cycle ...
Supreme Court Asked to Resolve Federal Drug Law vs. State Medical Marijuana Laws Debate
The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers compensation ...
Aon Discloses ‘Cyber Incident’ Amid Mounting Concerns Over Hacks
Aon Plc is investigating a "cyber incident" that the insurance brokerage said impacted a limited number of its systems. The incident, identified Friday, "has not had a significant impact" on ...