News
Hartford, CNA Post Drops in Q2 Net Income
Second-quarter earnings at The Hartford fell to $437 million — about 51 percent less than the same period a year ago. The Hartford said it booked a $485 before-tax change from net realized gains to ...
Employees Want Workplaces That Support Their Mental Health
Eight in 10 U.S. workers say that how employers support their employees' mental health will be an important consideration when they seek future job opportunities, according to a recent survey from ...
Congress Wants Answers on a ‘Significant’ Cyber Attack on Courts
Three hostile foreign actors breached the federal courts document management system via "an incredibly significant and sophisticated" cyber attack more than 18 months ago, the chairman of the House ...
Tech Bytes: New Partnerships at First Street Foundation, IMG, Ascend
Science and technology non-profit First Street Foundation and Compass Inc. announced a partnership to integrate Risk Factor, a provider of property specific, climate risk intelligence, into Compass ...
M&A Deals: Lemonade Sells Metromile’s EBS Platform to EIS; Liberty Mutual Acquires AmGeneral
Lemonade has sold Metromile's Enterprise Business Solutions (EBS) to digital insurance platform EIS. EBS was Metromile's SaaS claims automation and fraud detection platform that it licensed to large ...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Global commercial insurance prices increased 9 percent in the second quarter of 2022 (down from an 11 percent increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, ...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best
Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40 percent over the previous year, according to an AM Best ...
Washington Judge Overturns Credit Scoring Ban
A judge on Friday overturned a Washington state rule prohibiting insurers from using credit scoring to set rates for auto, homeowner and renter insurance. Insurance Commissioner Mike Kreidler adopted ...