News
Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Q1 Net Income of $1.1B
Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business lost $250 million in 2023, but the loss was projected to be ...
Exxon Is Hit With $726M Verdict Over Benzene and Cancer
A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according ...
Listening to the Market: Insurance Products That Fit Today’s Customer Needs and Demands
Presented by Majesco
The case for innovative insurance products How many cell phones have you owned? Computers? Cars? Appliances? Televisions? Do you still...
Carriers Focus on Renewal Retention as Auto Insurance Buyers Shop
Shoppers in the U.S. aren't ready to accept higher auto insurance rates, choosing to shop around for the best deal and coverage, a new report finds. U.S. consumer auto insurance shopping activity ...
Tesla Must Face Owners’ Class Action Lawsuit Over Self-Driving Claims
A U.S. judge on Wednesday rejected Tesla's bid to dismiss a lawsuit accusing Elon Musk's electric car company of misleading owners into believing that their vehicles could soon have self-driving ...
Electrical Blackouts on Cargo Ship Before Baltimore Bridge Collapse
The cargo ship Dali experienced electrical blackouts about 10 hours before leaving the Port of Baltimore and yet again shortly before it slammed into the Francis Key Bridge and killed six ...
Buffett’s Berkshire Reveals $6.7B Stake in Insurer Chubb
Warren Buffett's Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in ...
Patents for Sale? State Farm Reveals Website of Inventions
State Farm announced that it has launched a new website to showcase some of its patented technology, and making it available for licensing, purchase or collaboration opportunities. "State Farm is ...
NCCI Workers Comp Report Highlights a Healthy Line
The performance of the U.S. workers compensation system remains strong according to the 2023 metrics released yesterday by the National Council on Compensation Insurance (NCCI). Private carriers ...