News
Starr Acquiring IQUW; Starr Managing Agency Among 10 Largest at Lloyd’s
Starr, a global investment and insurance organization, announced that it has entered into a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business that combines ...
U.S. Appeals Court Revives $2.5B Opioid Lawsuit in West Virginia
A U.S. appeals court on Tuesday revived a $2.5 billion lawsuit against drug distributors accused of contributing to an opioid addiction crisis in West Virginia communities, overturning a 2022 victory ...
LA County Moves to Limit License Plate Tracking
Drivers in Los Angeles County have a powerful new privacy advocate after the Board of Supervisors pushed to restrict how their license plates are scanned by law enforcement. The board recently voted ...
J&J Talc Cancer Suits Rise 17% After Failed Settlement Push
Johnson & Johnson has seen a 17% jump in new lawsuits claiming its iconic baby powder causes cancer after the company's latest attempt to force a global settlement was thrown out of bankruptcy ...Update: Jamaica Catastrophe Bondholders Now Face Full-Trigger Event
Investors in Jamaica's catastrophe bond now face a full trigger event that would force payment of the entire $150 million bond to help the island deal with fallout from Hurricane Melissa. That's ...
AI Investments Are Top Priority; Hourglass Workforce Structure Takes Shape: Insurance CEO Survey
"We are very bullish on AI, and we're leaning into it." That's how Alan Schnitzer, chief executive officer of Travelers, responded to a recent question from an investment analyst who wanted specifics ...
‘Slow Down, Move Over’ Laws Add Confusion, Increase Risk to Emergency Responders
Despite "Slow Down, Move Over" (SDMO) laws designed to prevent emergency responder injuries and deaths, a new study from the AAA Foundation for Traffic Safety (AAAFTS) finds that confusion about the ...
GEICO, Daimler Launch Connected Insurance Program for Truck Fleets
Daimler Truck Financial Services USA LLC (DTFS), the captive finance partner of Daimler Truck North America LLC, and GEICO announced the launch of Connected Insurance, a new data-driven insurance ...