Industry News
Introducing the World’s First ‘Fully Sustainable’ Insurer, Parhelion
Howden, the London-based insurance broker, announced it is launching a UK insurer called Parhelion, which it describes as "the world's first fully sustainable insurer." Aiming to raise $500 million ...
Telematics: It’s Not Just for New Business Pricing Anymore
GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...
Plaintiffs Dig to Unearth Old ISO Documents to Back COVID BI Claims
Plaintiffs attorneys are looking deep into the weeds for evidence to support claims for business income lost because of COVID-19 public safety orders. Lawyers for footwear wholesaler Marc Fisher LLC ...
Allstate to Buy Insurer SafeAuto to Merge Into National General
Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National ...
Florida’s Latest Property Insurance Reform: Too Little, Too Late?
A bill passed by the Florida Legislature to address the state's property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to ...
Liability Shield Doesn’t Belong in Trade Deals, Internet Coalition Warns Biden
A coalition of internet accountability groups is warning the Biden administration against including liability protections for tech companies in future trade agreements, saying that could hamstring ...
Wefox, German InsurTech for Agents, Raises $650M at Valuation of $3B
Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors in what it called a record-breaking round for a so-called InsurTech" company that valued the business at $3 ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...