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Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged...
Johnson & Johnson has offered to pay $4 billion to settle all claims accusing the company of helping fuel the U.S. opioid epidemic, as part of a potentially larger...
Private U.S. property/casualty insurers produced a record surplus in the 2019 first half, driven up by carriers' income and unrealized capital gains, Verisk and the American...
Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance...
Amid stiff competition and mounting pressure to innovate, it's all too easy for insurers to conflate innovation with shiny...
A nudge into the market by carriers offering private flood insurance is becoming more of a shove, which might bring new opportunities for claims adjusters and maybe create a more efficient claims process along the way.
Now that the dust has settled following the historic merger of giant broker Marsh and Jardine Lloyd Thompson, the transaction's impact on the...
Cambridge Mobile Telematics, profitable and independent, accepted a $500 million investment from SoftBank in late 2018 with an eye on advancing into new markets such as autonomous vehicles...
Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues...
The unprecedented power shutdown by California’s PG&E Corp. has spread deeper into cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major metropolitan area could go days without electricity...
