News
Willis Towers Watson Partnering With Roost to Form Home Telematics Testing Consortium
Global insurance consultant Willis Towers Watson is partnering with technology firm Roost to establish a claims data sharing consortium to help insurers test the effectiveness of water and fire smart ...
SCOTUS Tightens Rules on Where Injury Suits Can be Brought
The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts ...
Former Platinum CEO Price Joins Board at The Hanover
The Hanover Insurance Group announced Tuesday that Michael D. Price has been elected to the company's board of directors, effective July 3. Price, a highly experienced senior insurance executive who ...
Sharing Economy Booming in China: Latest Wave Includes Umbrellas, Basketballs
Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice? China's rapidly expanding "sharing economy," which already provides car rides ...
Group Linked to NSA Leaks Plans to Release More Data in July
A group that published hacking tools that security experts believe were stolen from the U.S. National Security Agency said on Tuesday it plans to sell a new batch of stolen code in July to customers ...
A Brave New World: First Reinsurance Product Heads to the Blockchain
There has been a lot of press—and perhaps hype—about blockchain and its potential to revolutionize the industry's processes and ultimately improve the customer experience. However, the efforts of ...
Fairfax Cutting Stake in India JV Insurer ICICI Lombard
Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), ...
CEO Zyskind’s Family Injects $300M into AmTrust
AmTrust Financial Services Inc., a provider of specialty property and casualty insurance including workers compensation, surged in New York trading after members of the chief executive officer's ...