U.S.
North Carolina Suit Could Signal Change in COVID Claims Disputes
Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favor of the policyholders, especially in federal court. More than 90 percent of motions to ...
Usage-Based MGA VOOM, Commercial Auto MGA Cover Whale Raise New VC
VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA ...
Push for Litigation Funding Disclosure Grows
The privacy once enjoyed by investors who finance other people's lawsuits was rarely questioned before Hulk Hogan brought a media spotlight onto the niche industry after winning a $140 million jury ...
Coalition Acquires Attune, an MGA/Broker Platform Founded by AIG, Two Sigma
Coalition, a San Francisco-based cyber insurer and security company, has snatched up Attune, a carrier-founded managing general agent with a broker platform focused on commercial insurance. With the ...
Florida Policies in Limbo Over Proposed Insolvency Surcharge
The Florida Insurance Guaranty Association is urging insurers to hold off on sending homeowners policy renewals until state regulators decide if they will approve a surcharge on premiums to help ...
1 in 4 Large Firms Has Vaccine Mandate for Employees, With More Coming: Gartner
One in four companies has instituted a vaccine mandate for U.S. workers, a sharp increase from last month, following President Joe Biden's directive ordering large employers to require shots or ...
Digital MGA Roamly Will Start Selling Its Own RV Rental Policies Through Spinnaker Insurance
Digital MGA Roamly will link with Hippo-owned carrier Spinnaker Insurance Company to sell its own insurance for recreational vehicle rentals. Roamly is owned by Outdoorsy, a global online RV rental ...
Boy Scouts To Seek Settlements With More Insurers As Claimants Weigh Reorg Plan
More than a year and a half after the Boy Scouts of America sought bankruptcy protection amid an onslaught of child sex abuse allegations, tens of thousands of men who say they were molested as ...