News
Calif. Workers Comp Premium Down in 2017; First Drop in Seven Years
Written premium in California workers compensation fell slightly last year—the first time that's happened in seven years, according to a new report. The Workers Compensation Insurance Rating Bureau ...
Octo Telematics’ Execs to Buy Russian Shareholder Stake, Paving Way for IPO
Italy's Octo Telematics announced last week that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo's shares from Russian company Renova Holdings. This ...
Marsh Simplifying Certificates of Insurance Process on Blockchain
Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance. By using blockchain, or distributed ledger technology, ...
Tesla Draws Negative Response for Blaming Autopilot Death on Driver
Consumer-safety advocates and autonomous-vehicle experts criticized Tesla Inc. for issuing another statement about the death of a customer that pinned the blame on driver inattentiveness last week. ...
Plaintiffs’ Lawyers Readying ‘Thousands’ of Asbestos Cases in Wake of J&J Verdict
A $117 million verdict against Johnson & Johnson and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J's Baby Powder could open a new front ...
SimpleSafe Hires Adviser to Vet Takeover Bid
Home-security technology company SimpliSafe Inc. is working with deal adviser Qatalyst Partners to help evaluate an acquisition offer, according to people familiar with the matter. SimpliSafe's ...
Tesla Insists Driver to Blame for Fatal Crash; Victim’s Family Hires Attorney
Tesla Inc. again placed blame for a fatal crash involving a Model X last month on the driver as the man's family hires a firm to explore legal options. The March 23 death of Walter Huang happened on ...
Executives On The Move at AIG and CNA
American International Group hired on a veteran XL Catlin executive for a leadership role in its General Insurance arm. A former AIG executive is joining CNA as its new senior vice president, Global ...