Industry News

Uber Targets Personal Injury Lawyers in Multimillion Dollar Ad Campaign

Uber Technologies Inc. is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute ...

Bill Aims to Drive Down NYC Taxi Drivers’ Insurance Costs. But Will It?

The New York City Council's transportation committee heard testimony last Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from ...

Data Insight: More Insurers Expect to Boost Top Lines Than Headcount

Continuing a trend that's persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top ...

Georgia Governor Wins Support for Tort Reform From 3 Skeptical Senators

Three Republican holdouts in the Georgia Senate got on board with Gov. Brian Kemp's top-priority legislation to limit lawsuits, showing the state's Republican leader remains at the height of his ...

Andover Companies Among Investors in Reinsurance Startup Mereo

The Andover Companies, a long-standing mutual insurance group in the Northeast, is among the investors in Mereo Insurance, a Bermuda-based (re)insurance startup chaired by former AIG Executive ...

Not So Fast: State Farm Didn’t Prove Its Case for Rate Hike, CDI Says

California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22 percent rate request from State Farm, instead calling a meeting with the carrier to get some answers about the ...

Casualty Reinsurance Still Attractive: Arch CEO

While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his ...

AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom

American International Group CEO Peter Zaffino used the insurer's fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year ...