Industry News
Passing The Baton: CEOs Fox at TigerRisk and Kalin at Pinnacol
Earlier this week, global insurance and reinsurance broker TigerRisk announced that Co-Founder Rod Fox is transitioning out of his role as chief executive officer to become executive chair. ...
Cyber Attack Crippled Hospital, Led to Baby’s Death, Lawsuit Claims
Cyber attacks may affect more than organizations' pocketbooks. They also can hinder a hospital's care during a crucial moment, a lawsuit filed in Mobile, Ala., claims. The mother of a child who was ...
Lloyd’s Must Confront Past Steeped in Slavery
British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd's of London insured many of those vessels, the people chained below deck sometimes categorized as ...
SPAC Deal Generates Millions for Suits Against P/C Insurers That Stiffed Medicare
Wall Street's latest blank-check company promises to be a litigation finance nightmare for property/casualty insurers writing lines such as auto insurance and workers compensation.. MSP Recovery, a ...
Business Leaders Optimistic About the Future: Aon
Business leaders have a renewed confidence in the economy and a greater appetite to embrace calculated risks, according to a new study from Aon. In fact, 90 percent of executives surveyed said they ...
North Carolina Suit Could Signal Change in COVID Claims Disputes
Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favor of the policyholders, especially in federal court. More than 90 percent of motions to ...
Usage-Based MGA VOOM, Commercial Auto MGA Cover Whale Raise New VC
VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA ...
Who Will Be Sued? Praedicat Scores Ease Underwriting for Emerging Risks
Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. ...