News
German InsurTech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan
Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup's board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he ...
Baldwin’s Attorneys Argue Destruction of Evidence After Testing Led to Gun Damage
Alec Baldwin's defense attorneys argued Monday that damage done during FBI testing to a revolver that killed a cinematographer on the set of the Western "Rust" has stripped them of the ability to put ...
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an ...
CCC: Severe Weather Impacting Collision Repair, Auto Insurance
The auto insurance and repair industry must "adapt to new patterns and prepare for an unpredictable future," according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a ...
Partnership Aims to Reduce Hurricane Damage to Vehicles
A new partnership between fintech car ownership platform Way.com and CURE Auto Insurance promises to protect cars from damaging hurricanes and tropical storms. The initiative, called the Catastrophe ...
U.S. P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best ...
Top 10 List of Most Affordable New Trucks and SUVs to Insure
A new list highlights the most affordable SUVs and trucks to insure, according to Mercury Insurance, a personal and commercial auto insurer in California. The insurer, provider of auto insurance in ...
New Federal Rule Requires Railroads to Detail Hazardous Cargo Immediately After Derailment
A new federal rule finalized Monday aims to ensure first responders can find out what hazardous chemicals are on a train almost immediately after a derailment so they can respond appropriately. Too ...