News
Uber, Lyft to Pay $328M to Settle New York Wage Theft Claims
Uber and Lyft will pay a combined $328 million to settle claims by New York's attorney general that the ridesharing companies systematically cheated drivers out of pay and benefits. Attorney General ...
State Farm: Catalytic Converter Thefts Drop
Auto claims data revealed a substantial drop in catalytic converter theft claims for the first half of this year compared to last year, according to analysis by State Farm. The most recent data for ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
Global Insurance Prices Continue to Stabilize in Q3 as U.S. Cyber Premiums Drop: Marsh
Global commercial insurance prices increased 3 percent in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by insurance broker Marsh, ...
RenRe Completes $3.3 Billion Acquisition of Validus Re From AIG
RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group. AIG received total consideration of $3.3 billion ...
Tech Bytes: New Partnerships at ZestyAI, WTW, Driver Technologies
Climate and property analytics provider ZestyAI's Z-FIRE wildfire risk analytics product is going to be used by the California FAIR Plan Association, the state's property insurer of last resort, to ...
Progressive in a Better Place With Reserve Boosts Done, CEO Says
Shoring up loss reserves and adding "the premium equivalent" of a top 8 personal auto insurer to its books has put Progressive in a better place now than it was at the end of the second quarter. The ...
Allianz X, Allstate Fund NEXT Insurance’s $265M Financing Round
The digital investments arm of global insurer and asset manager Allianz Group, Allianz X, announced an investment in NEXT Insurance, a small business insurer in the United States, to accelerate ...
First U.S. Autopilot Trial Involving Fatal Crash a Win for Tesla
Tesla on Tuesday won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other lawsuits and federal ...