News
DroneBase Raises $12M in New Financing; Insurers Among Drone Operator’s Customers
DroneBase raised $12 million in new funding to expand its drone operations services for insurers and other businesses. Union Square Ventures and Upfront Ventures co-led the round. DJI and new ...
Buffett’s Berkshire Hathaway Boosts Stake in Apple, Buys Teva Shares
Warren Buffett's Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc, which surpassed Wells ...
Insurers May Not Be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’
Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists ...
Takata’s U.S. Air Bag Settlement to Include Up to $130M of Automaker Money
A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a ...
L.L. Bean Slapped With Breach of Warranty Suit After Ending Lifetime Return Policy
L.L. Bean Inc. is facing a breach of warranty lawsuit after changing its decades-old lifetime warranty, in what may be the first of many claims over the now-dead policy. The complaint, filed this ...
Commercial Property Rates Rising by Double Digits: Willis Towers Watson
Commercial property insurers are pursuing double-digit rate hikes in the wake of 2017's historic natural catastrophes and the $143 billion in global estimated insured losses they caused. But ...
Kemper, After Tough Q4, Will Pay $1.3B for Infinity Property and Casualty
Insurer Kemper Corp will acquire Infinity Property and Casualty Corp for about $1.3 billion in cash and stock to boost its nonstandard auto insurance business, the two companies said on Tuesday. ...
The Latest Launches From QBE, GuideOne/Roost and Zurich/CoverWallet
QBE North America has teamed up with a company to expand access to some of its professional liability coverage. GuideOne Insurance has started offering Roost Smart Water Leak and Freeze Detectors in ...