Industry News
Gunmaker Remington to Pay $73M to Sandy Hook Families
Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, marking the first time a ...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. ...
Beazley Partners With InsurTech Gaia to Offer Coverage for IVF Treatment
Lloyd's insurer Beazley is partnering with InsurTech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF) treatment. The health-focused InsurTech has been working ...
How Inflation Is Driving Up Loss Costs for Auto, Home Insurers
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5 percent inflation rate announced last week. Perhaps that ...
More Airlines Avoiding Ukraine Airspace Amid Insurance Issues
More airlines are likely to avoid Ukraine's airspace amid insurance issues and a decision by leading European carriers to stop overflights after a U.S. warning that Russia could invade at any time, a ...
Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court
Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered by a federal judge to disclose how many renters it accuses every year. ...
The Latest Launches From FastTrack, American Claims Management, Policygenius
FastTrack, a provider of automated risk management services tailor made for life and disability insurance claims operations, announced its new product offering to assist life and disability carriers ...
SpaceX Satellites Falling Out of Orbit After Being Hit by Solar Storm
SpaceX's newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40 of the 49 small satellites launched last week have either re-entered the atmosphere and ...