News
Study Finds Just 52% of Last Decade’s Largest Carrier M&As Created Long-Term Value
The larger the merger and acquisition deal is, the less likely it will create long-term value, a new study has revealed. A first-of-its-kind study by ACORD, the standards-setting body for the global ...
Series of Public Events Along East Coast to Highlight Hurricane Awareness
With the the start of the 2024 Atlantic hurricane season less than a month away, NOAA and the U.S. Air Force Reserve will host a series of events to help communities along the Eastern seaboard ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Uber, Lyft Gig Worker Status Hinges on Massachusetts Court Case
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees ...
Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
Chubb, which had insured Baltimore's Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the ...
Auto Insurance Price Inflation Overstated, Swiss Re Economists Say
The sticker shock that U.S. drivers feel when they see their auto insurance premiums jump is real—but it's not quite as bad as a major economic indicator suggests, according to Swiss Re economists. ...
Newspapers Sue OpenAI for Copyright Infringement Over AI Training
A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters' work to train their ...
Allstate Tops Profit Estimates on Higher Premiums, Investment Returns
Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns. Insurers usually see stable product demand irrespective of economic ...
Lemonade Books Q1 Net Income Loss But Sees Progress
InsurTech Lemonade followed 2023—"the year when the plan came together"—with a first quarter 2024 net loss of $47.3 million. The result is about 28 percent better than the same time a year ago ...