News
Could Cyber Insurance Benefit From Government Regulation?
Cyber insurance has become a major new business for carriers; it is often suggested that cyber insurance is the fastest growing segment of the insurance industry, and premiums are expected to ...
P/C Insurance Carriers, InsurTechs Benefit on Multiple Levels From Partnerships
Startup InsurTechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
Berkshire Hathaway Builds Stake in Synchrony, but Exits Its Former Parent GE
Warren Buffett has long preached the importance of investing in businesses that are hard for competitors to copy. That may be part of why his Berkshire Hathaway Inc. built a $520 million stake in ...
Another State Sues OxyContin Maker Purdue, Alleging Deceptive Marketing Over Opioid
South Carolina sued Purdue Pharma LP on Tuesday, becoming the latest state or local government to accuse the OxyContin maker of deceptive marketing practices that have contributed to a national ...
Britain Wants Brexit Talks With EU to Begin Next Phase
Britain said on Sunday that it wants talks with the EU to move on to the next phase, as it set out details of the future relationship it envisages with the bloc and senior ministers presented a ...
Reinsurers Now Much More Likely to Report Natural Disaster-Related Underwriting Loss: S&P
Things could get rougher for global reinsurers if annual natural catastrophe claims keep moving closer to the long-term average, Standard & Poor's said in a new report. It turns out that upward ...
GM Ignition Switch Plaintiffs Reach $1B Deal With Creditor Trust; Carmaker Critical
Plaintiffs suing General Motors Co over faulty ignition switches and other alleged vehicle defects have reached a $1 billion settlement requiring the automaker to turn over that amount of stock, a ...
Driver Skills Diminishing as Automated Tech Takes Hold
If your car can hit the brakes in an emergency and check your blind spots, will that make you a worse driver? Increasingly, automakers are worrying it may. Driver-assist technology that keeps cars in ...