U.S.
Zurich Debuts New Business Unit Focused on Evolving Risks
Zurich Insurance Group created a new business unit designed to help customers address evolving risks. The global business unit, Zurich Resilience Solutions, is designed to provide services that help ...
U.S. COVID Herd Immunity Is Possible by Mid-Summer: Oliver Wyman
The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management ...
Texas, Other U.S. States Sue Biden Administration for Revoking Keystone XL Pipeline Permit
Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said ...
Next Insurance Partners With Amazon to Boost Reach of Its Small Biz Insurance Cover
Next Insurance is turning to Amazon's business customer arm to boost the reach of its small commercial insurance policies. The InsurTech has formed a partnership with Amazon Business Prime where ...
Court Finds Insurer Doesn’t Have to Defend Mortgage Servicer Against Robocall Lawsuit
A liability insurance carrier that excluded any violation of telecommunications laws from coverage had no duty to defend a loan servicer from a class-action lawsuit that accused it of making ...
Cyber Insurance Firm Coalition Secures $175M to Fuel Global Expansion, New Products
Coalition, a cyber insurance managing general agency and security company, said it has raised $175 million to accelerate its growth and global expansion. The firm said it will use the funds to expand ...
S&P Grants Zurich Insurance a Ratings Upgrade Over Improved Performance
Zurich Insurance's improved financial performance has earned it a ratings upgrade from Standard & Poor's. The Swiss insurer and its core operating entities now have an S&P rating of 'AA', up ...
Texas Utility Sues Power Grid Operator, Alleging ‘Excessive’ Cold Snap Charges
The largest city-owned utility in Texas on Friday sued the state's grid operator alleging it levied "excessive" power prices during a February deep freeze, and seeking to bar the grid from issuing a ...