News
What About Independent Agents? Root’s Focus on Embedded Insurance, CEO Says
While he didn't say that distribution of Root Insurance products through independent agents was off the table in 2022, the InsurTech's chief executive officer did say the company is now laser-focused ...
Ukraine Invasion Analysis: AM Best Sees ‘Significant Implications’ for Insurers
AM Best believes that Russia's invasion of Ukraine could have a "substantial impact" on the world's insurance industry in the near to midterm, the rating agency said in a report published on Friday. ...
U.S. Drug Distributors, J&J Move to Finalize $26B Opioid Settlement
The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to finalize a proposed $26 billion settlement resolving claims by states and local governments that they ...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs
Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but other business risks loom large. ...
Hacking Risk Shadows U.S. Business as Russia Threatens Critics
A swath of major American businesses—from major banks to utility companies—is preparing for possible cyber attacks against their computer networks as Russia on Thursday threatened "consequences" ...
Lemonade Execs Expect ‘Peak Losses’ in 2022
With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders ...
Executives on the Move at United Fire Group, Sayata, Beazley
United Fire Group Inc. President and Chief Executive Officer Randy Ramlo announced he will retire from the company in 2022. Ramlo joined UFG in 1984 as an underwriter. Since then, he has held a ...
The Latest Launches From State Farm, Nirvana Insurance, Everspan
State Farm and Ford announced the launch of Drive Safe & Save Connected Car for customers with eligible connected Ford or Lincoln vehicles to benefit from usage-based insurance (UBI). State Farm ...