News
Allstate to Buy Insurer SafeAuto to Merge Into National General
Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National ...
Florida’s Latest Property Insurance Reform: Too Little, Too Late?
A bill passed by the Florida Legislature to address the state's property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to ...
Businesses Sue Major League Baseball for Moving All-Star Game Over Voting Law
A conservative group representing small businesses has sued Major League Baseball and its players' union over the decision to move next month's All-Star Game out of Georgia in response to that ...
Liability Shield Doesn’t Belong in Trade Deals, Internet Coalition Warns Biden
A coalition of internet accountability groups is warning the Biden administration against including liability protections for tech companies in future trade agreements, saying that could hamstring ...
Wefox, German InsurTech for Agents, Raises $650M at Valuation of $3B
Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors in what it called a record-breaking round for a so-called InsurTech" company that valued the business at $3 ...
IoT Data Can Help Insurers Cover Existing and New Risks Alike: Geneva Association
Data from Internet of Things-related (IoT) devices is a potential boon to insurers, giving them new options for covering existing and new risks alike, according to a new report published by The ...
PG&E Must Fork Over $150M for Botched Blackouts and Recent Wildfires
Pacific Gas & Electric is getting hit with a nearly $150 million billion for neglect that caused Northern California wildfires during the past two years and mismanagement of blackouts designed to ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...