U.S.
The Latest Launches From Sompo GRS and Bold Penguin
Sompo Global Risk Solutions has expanded its operations in Europe. Bold Penguin, an InsurTech commercial insurance technology provider, partnered with ZenBusiness, an online platform that helps small ...
In 2020, U.S. P/C Insurers’ Decade-Long Run of Premium Growth Will End: S&P
The U.S. P/C insurance industry will end a 10-year run of premium growth in 2020 due to COVID-19 fallout, according to new research from S&P Global Market Intelligence. "Factors including ...
Musk Paid Nearly $1M by Tesla for His Controversial D&O Insurance Arrangement
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker's board earlier this ...
Lloyd’s Advocates State-Backed ‘Black Swan’ Reinsurance
"Black Swan" reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London said. Commercial insurance ...
U.S. Commercial Auto Losses Reach Worst Point in a Decade
The U.S. commercial automobile insurance segment's underwriting losses deepened to $4 billion in 2019, the segment's worst loss in 10 years and a continuation of a decade-long trend of worsening ...
FCCI Names Welch as CEO, Replacing Johnson, Who Was Fired in May
FCCI Insurance Group's board of directors has named Christina "Cina" Welch as president and CEO, replacing Craig Johnson, who was terminated from his role in May 2020 after an incident with police in ...
Tesla Suit Alleges Model 3’s Airbags Malfunctioned in Highway Crash
Tesla Inc. was sued over a Maryland highway crash last year in which a Model 3's airbags failed to deploy, leaving a college professor with brain damage. Elon Musk, the company's co-founder, has ...
Environmental Groups Want Miners to Buy Private Insurance for Tailings Dams
Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental ...