Daily news and analysis on insurance industry trends, regulations, and market insights
As Tesla chases an elusive prize – government approval of its “Full Self-Driving” technology across Europe – the U.S. automaker is waging a pressure campaign casting safety regulators as f
The Canadian branch of the Weston family agreed on Wednesday to buy Britain’s Boots from Sycamore Partners and the Pessina family in an $8.9 billion deal, pledging to invest in the retailer̵
Wexford-based MGA adds around €70m in gross written premium and new commercial lines niches to Pen's growing Irish book
A.M. Best said Thursday it revised the outlook on the long-term issuer credit ratings of Queen City Assurance and Vine Court Assurance, food retailer Kroger’s two Vermont-domiciled captive insurers, t
Asia’s casualty insurance market faces more frequent and costlier claims, with costs outpacing general inflation in some cases, according to U.S.-based Marsh Re, Insurance Asia reported. Higher labor
AXA XL has partnered with electric vehicle (EV) and new energy vehicle data platform Gecko Risk. The insurer said it aims to strengthen its EV risk expertise as the UK is expected to see an accelerati
Analysts at AM Best recently downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb-” (Good) from “
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged
Pivix Specialty Insurance Services has announced a new monoline commercial property insurance program. The program is available in 20 states and distributed exclusively through wholesale brokers, acco
Why claims professionals should make time for industry conferences There is never a perfect week to leave the claims desk. Your inbox will not politely empty itself. Someone will need an answer by Fri
The Public Utility Commission of Texas is asking a Travis County judge to block the release of information showing where data centers and virtual currency mines operate, saying those details could aid
A Wisconsin appeals court on Tuesday upheld a wage-loss award to a welder whose employer refused to rehire him after a workplace injury despite having another suitable job available. Kevin Warlow inju
Health optimism is reducing financial urgency while medication costs quietly erode retirement savings, survey finds
Lockton said on Thursday it promoted longtime executive Vince Gaffigan to lead its U.S. casualty practice. Mr. Gaffigan has been with Lockton just over 26 years, most recently as executive vice presid
America runs on Dunkin’. Its lawyers may soon be running on overtime. The coffee chain faces a proposed class-action lawsuit alleging its Dunkin’ Zero drinks take a little too much creative license wi
Deal value has passed £3bn as McGill leads a run of private equity refinancings
Goldman Sachs Group Inc.’s data was exposed earlier this year in a hack of accounting firm EY, according to a person familiar with the matter. The bank’s systems weren’t affected by
A federal antitrust lawsuit against McDonald’s this week claims the fast-food giant is using AI-powered tools to fix menu prices, marking the latest case to allege companies are relying on new t
European insurance regulators have urged EU member states to scrutinize private equity-backed insurers more closely, even before they are authorized to operate, The Royal Gazette reported. Growing pri
CMI data shows cumulative deaths running 6.4% below the ten-year average through September, with COVID-19 fatalities at a post-pandemic low
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