News
The Latest Launches From Selective, CompScience, Vertafore
Selective Insurance, a business and personal insurance carrier, introduced an ergonomic risk assessment tool that can identify high-risk body positions or movements that may lead to severe injuries ...
TikTok, Transit Agencies Face Wrongful Death Suit Over New York Teenager’s Death
Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges that TikTok sent thousands of ...
AccuWeather: California Storms Added up to $8B in Damage and Economic Loss
AccuWeather issued preliminarily estimates on Thursday showing the total damage and economic loss from the series of recent intense storms to hit California to be an additional $6 billion to $8 ...
Reinsurers Average 12.1% Premium Growth for 2022: Gallagher Re
Reinsurers' premium growth averaged 12.1 percent for full-year 2022 and 10.2 percent for the fourth quarter, which was driven by improved pricing for commercial lines and reinsurance business, ...
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022: Swiss Re
High inflation alone led to an increase in property/casualty claims of 5-7.5 percent across five key markets in 2022, according to Swiss Re research. "In 2023, we expect that inflation should lead to ...
Commercial Auto InsurTech Fairmatic Raises $46M in New Funding
Artificial intelligence-powered commercial auto insurance company Fairmatic announced that it has raised $46 million in new funding six months after its oversubscribed series A. This brings its total ...
D&O Story for 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked
Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the ...
‘Tender Your Limits’: Plaintiff Lawyers Step Up Demands As Fla. Reform Heads to Gov’s Desk
With the Florida Senate passing a take-no-prisoners tort-reform bill on Thursday, plaintiffs lawyers moved to file tens of thousands of lawsuits before the new restrictions kicked in yesterday. The ...