News
TypTap IPO Delayed
Insurance tech company TypTap and human resources software firm Justworks postponed their U.S. initial public offerings (IPOs) on Wednesday, joining several companies rethinking their plans to go ...
Travelers Expands Telematics Offerings With IntelliDrivePlus
The Travelers Companies Inc. is expanding its telematics auto insurance offerings with the launch of IntelliDrivePlus, an app-based program that calculates a new premium at each renewal by measuring ...
U.S. Businesses Fear They Could Face Never-Ending Chain of Liability From Take-Home COVID-19
As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not ...
Insurers Have No Duty to Defend Rite Aid Against Opioid Lawsuits, Says Delaware Supreme Court
Chubb Ltd. has no duty to defend Rite Aid Corp. against lawsuits filed by two Ohio counties that allege the drug store chain's failure to identify suspicious orders contributed to an oversupply of ...
Tech Bytes: New Partnerships at Blink Parametric, Duck Creek, SageSure and Hippo
InsurTech company Blink Parametric announced its partnership with AwayCare, a managing general agent (MGA) and provider of travel insurance products in Canada. The coverage will be underwritten by ...
Climate Change Is Top Global Risk for the Next Decade: World Economic Forum
There's little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social tensions, alongside the pandemic, among their top risks, ...
Can a Self-Driving 40-Ton Truck Be Safe?
Shipping companies and software developers are experimenting with self-driving trucks as a way to solve a driver shortage worsened by the COVID-19 pandemic, drawing fire from safety advocates who ...
Natural Disasters Cost Insurers $120B in 2021: Munich Re
Natural disasters across the globe caused economic losses of $280 billion in 2021, of which roughly $120 billion was insured, according to a report from Munich Re. U.S. natural catastrophes ...