News
Insurance Software Firm Majesco Will Be Acquired by Private Equity Outfit for $594M
Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the ...
Twitter Discloses Hackers Downloaded Data From Several Non-Verified Accounts
Twitter Inc said on Saturday that hackers were able to download account information for up to eight accounts involved in the hack of its systems this week, but said none of them were verified ...
Bonus Payments for Insurer CEOs Up 5 Percent in 2019: Study
Bonus payouts for insurance company chief executive officers continued to be above target and commensurate with good financial results and strong total shareholder return in 2019, according to a new ...
China Pledges More Insurance Protection, Lending Support for Flood-Hit Areas
China's banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China ...
U.S. Personal Lines Insurers Poised for 2020 Underwriting Profit Despite Pandemic: Fitch
It turns out that the coronavirus pandemic hasn't adversely affected U.S. personal lines insurance all that much. In the short term, the sector has continued to do well and is poised to produce ...
Amynta Group Acquires Aspen Surety Operations
Amynta Group, a provider of property/casualty and warranty protection products and services, has acquired the surety operations of Aspen Insurance. The business will now operate as Amynta Surety ...
GOP Supports Limiting Virus Liability Claims Against Businesses, Schools, Caregivers
Senate Majority Leader Mitch McConnell wants to give federal courts jurisdiction over liability claims arising from coronavirus infections to limit the legal exposure of businesses, schools and other ...
COVID-19 Cruise Lawsuits Dismissed as Judge Warns of ‘Trivial Cases’
A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear of exposure to COVID-19, saying that allowing their cases to proceed ...