News
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone Point Credit Adviser LLC to launch Monarch Point Re, a newly ...
Lawyer Says Tesla Should Have Never Sold ‘Experimental Vehicles’ in AutoPilot Death Trial
The lawyer representing victims of a fatal crash of a Tesla Model 3 car in his opening statement in court on Thursday blamed the company's Autopilot driver assistant system, saying that "a car ...
Fire Risk Leads Hyundai and Kia to Recall 3.4M Vehicles, Owners Urged to Park Outside
Hyundai and Kia are recalling nearly 3.4 million vehicles in the U.S. and telling owners to park them outside due to the risk of engine compartment fires. The recalls cover multiple car and SUV ...
Homeowners InsurTech Openly Raises $100M in Series D
Homeowners InsurTech Openly announced it has raised $100 million in Series D funding. The round was led by Eden Global Partners, a financial institution specializing in providing long term capital ...
The Latest Launches from LexisNexis Risk Solutions, The Hartford, Arch Insurance
LexisNexis Risk Solutions announced the launch of LexisNexis C.L.U.E. Auto Damage 360. LexisNexis C.L.U.E. Auto is a claims history database, and C.L.U.E. Auto Damage 360 continues its tradition of ...
Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case
The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. ...
Homeowners Remain Ill-Prepared for Water Damage Losses
New research highlights homeowners' lack of preparedness for non-weather-related water damage, despite water damage ranking as the second most prevalent cause of insurance loss claims. The Hanover ...
Class Action Against USAA; Failure to Pay Lessees Residual Value of Totaled Cars Alleged
A recently filed class action lawsuit in a California District Court accuses USAA General Indemnity Company of deceptive and unfair practice for failing to pay insureds the amount owed after leased ...