U.S.
Chubb, Liberty Mutual, More Participate in Amazon’s New Insurance Network Cover for Online Sellers
Amazon has launched a new digital insurance network designed to help small businesses selling on its platform more easily purchase affordable product liability coverage. Dubbed the Amazon Insurance ...
U.S. Explores Authority Businesses Have to Mandate Vaccines
The Biden administration is examining what authority businesses have to mandate vaccines, a top U.S. official told Reuters on Friday, as it considers what more steps can be done to halt the spread of ...
Amazon Will Pay Shoppers Injured by Others’ Products Without Admitting Liability
Amazon.com Inc on Tuesday said it would pay customers who suffer injuries or property damage from defective goods others sell on its U.S. platform, in a new policy that could reduce litigation. For ...
IVANS Buys Ask Kodiak to Accelerate Commercial Lines Digital Distribution Efforts
Applied Systems' IVANS division has acquired Ask Kodiak, a Massachusetts-based InsurTech that provides commercial lines market appetite and search capabilities for the independent agency channel. ...
CNA, Software Maker Overhaul Team on Beefed Up Motor Carrier Coverage
CNA is collaborating with software maker Overhaul to beef up offerings for motor carriers. Specifically, CNA will use Overhaul's new risk management app TruckShield for its motor carrier coverage. ...
Progressive Insurance Dinged by Q2 Rise in Auto Claims, Low Premiums
Progressive Corp. reported a 56 percent decrease in net income to $790.1 million for the second quarter. Net income was down 9 percent for the first six months. The company said the largest ...
U.S. Senate Bill Would Sanction Countries That Harbor Cyber Criminals
Two senior U.S. senators planned legislation on Thursday that would fight ransomware attacks on U.S. infrastructure by sanctioning countries the harbor cyber criminals, as well as by strengthening ...
Brookfield Asset Management’s Reinsurance Unit Will Acquire American National for $5.1B
Brookfield Asset Management Inc's reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. Started in 1905 by ...