U.S.
L.L. Bean Slapped With Breach of Warranty Suit After Ending Lifetime Return Policy
L.L. Bean Inc. is facing a breach of warranty lawsuit after changing its decades-old lifetime warranty, in what may be the first of many claims over the now-dead policy. The complaint, filed this ...
Commercial Property Rates Rising by Double Digits: Willis Towers Watson
Commercial property insurers are pursuing double-digit rate hikes in the wake of 2017's historic natural catastrophes and the $143 billion in global estimated insured losses they caused. But ...
Kemper, After Tough Q4, Will Pay $1.3B for Infinity Property and Casualty
Insurer Kemper Corp will acquire Infinity Property and Casualty Corp for about $1.3 billion in cash and stock to boost its nonstandard auto insurance business, the two companies said on Tuesday. ...
The Latest Launches From QBE, GuideOne/Roost and Zurich/CoverWallet
QBE North America has teamed up with a company to expand access to some of its professional liability coverage. GuideOne Insurance has started offering Roost Smart Water Leak and Freeze Detectors in ...
Weather Analytics Company Understory Wins Patent for Proprietary Sensor Tech
Understory secured a patent for sensor technology used as part of its private network to collect real-time weather data on the ground in great detail. Alex Kubicek, CEO of the Wisconsin-based weather ...
Workers Compensation Rates Should (Selectively) Run the Gamut in 2018
Workers compensation rates in 2018 will be mixed, with pricing for some programs expected to be flat to down and others seeing spikes, according to a market prediction from the broker USI. In other ...
Tech Innovation Moves From Coalition/HackerOne and Munich Re/StarMind
Coalition will partner with HackerOne to offer its cyber insurance small business clients programs to reduce hacking risks. Munich Re will start using artificial intelligence technology from Starmind ...
AIG, AXA Vets to Staff Berkshire Hathaway Specialty Insurance’s New Dubai Office
Berkshire Hathaway Specialty Insurance Company will start doing business in Dubai and staff its office there with AIG and AXA veterans. BHSI has its insurance license from the Dubai Financial ...