U.S.
MGM Will Pay Nearly $800M to Vegas Mass Shooting Victims by Late 2020
MGM Resorts International agreed to pay as much as $800 million to settle most claims arising from the October 2017 mass shooting at one of its properties on the Las Vegas Strip. The company expects ...
Tesla’s Summon-Your-Car Feature Draws Attention of U.S. Safety Regulator
The top U.S. road-safety regulator is gathering information about a Tesla Inc. feature that allows customers to remotely call for their car to pick them up. The National Highway Traffic Safety ...
Tokio Marine to Grab PURE Group in $3.1B Deal
Tokio Marine Holdings Inc will buy insurer PURE Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade. Japanese ...
New Hampshire Is Most Affordable State for Auto Insurance: J.D. Power
The average cost of auto insurance has risen at twice the rate of median household incomes across the U.S. over the past decade, according to the J.D. Power 2019 U.S. Insurance Shopping Study. Not ...
Practical Ways to Make InsurTech Work: ITC Panel
InsurTech is grabbing the attention of carriers and agencies alike, but the level of change it promises also causes anxiety. At the 2019 InsureTech Connect Conference in Las Vegas on Sept. 25, ...
Global Insurance Accelerator Boosts Seed Funding for Participating InsurTechs
The Global Insurance Accelerator said it is nearly doubling its seed funding for participating InsurTechs, starting with companies accepted into the program in 2020. A desire to stay competitive is ...
Cyber Risks Reign Supreme Among Businesses of All Sizes
Cyber risks are the top concern among businesses of all sizes. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55 percent said they worry some or a great deal about ...
Fiscal Crises Stand as Largest Risk to Global Business: WEF Survey
The possibility of a fiscal crisis is the biggest risk to doing business globally, according to a survey of World Economic Forum business leaders published on Tuesday, though there were strong ...