U.S.
Philips Setback: More Than 100 U.S. Lawsuits Advance Over Recalled Sleep Apnea Devices
Philips NV will face more than 100 U.S. lawsuits gathered in a Pennsylvania court over its recall of more than 3 million devices used to treat sleep apnea that are linked to cancer concerns. ...
Hidden Cyber Risk for U.S. Property Insurance Could Trigger $12.5B in Losses
Hidden cyber risk in the U.S. property insurance market could trigger $12.5 billion in losses, according to a new industry report. What's more, this 1-in-100-year loss could harm AM Best's Capital ...
Munich Re’s Venture Arm Raises $500M for New Fund Focused on InsurTech, Cybersecurity, Other Sectors
Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on InsurTech and cybersecurity. The new financing arm, ...
Texas Governor Bars All COVID-19 Vaccine Mandates in State, Rips Biden for Federal Overreach
Republican Texas Governor Greg Abbott, responding to what he called "bullying" by the Biden administration, on Monday barred all COVID-19 vaccine mandates in the state by any entity, including ...
Tiptree Secures $200M Warburg Pincus Investment for Fortegra Specialty Insurer Subsidiary
New York-based holding company Tiptree said it has secured a $200 million strategic investment from Warburg Pincus for The Fortegra Group, its specialty insurer subsidiary. Plans call for using the ...
Insurers Win With Appeal Reversing Temporary Ban on Use of Credit Scoring
A judge in Washington ruled in favor of the insurance industry's argument against Washington Insurance Commissioner Mike Kreidler's emergency rule temporarily banning use of credit scoring. ...
15 Startups Join InsurTech NY’s Second Growth-Stage Accelerator Program
Fifteen startups have been chosen to participate in InsurTech NY's second growth-stage InsurTech accelerator cohort. The program is designed to provide startups resources that help to find talent, ...
USAA Boosts Minimum Pay, Will Hire 2,600 People by Year’s-End
USAA aims to fill 2,600 new and existing positions by the end of 2021 and will also drastically increase minimum pay as an added recruiting incentive, the company disclosed on Oct. 11. The P/C ...