Industry News

Insurance Journal

NTSB: Driver was Behind Wheel When Tesla Crashed Near Houston, Killing Two

Oct 25, 2021 A driver was behind the wheel when a Tesla electric car crashed and burned last April near Houston, killing two men, neither of whom was found in...

Berkley Moves into Tennessee, DC, Indiana

Oct 25, 2021 Berkley One has expanded its personal lines business to Tennessee, Indiana and the District of Columbia. Berkley One collector vehicle coverage is also launching in Idaho, Oregon and...

EXOR Restarts Talks With Insurer Covéa Over Scrapped $9B Sale of PartnerRe: Report

Oct 25, 2021 EXOR, the holding company of Italy’s Agnelli family, has restarted talks with French insurer Covéa over a possible sale of reinsurer...

Florida Lawmakers May Hold Off on More Insurance Reforms, Despite Warnings

Oct 25, 2021 Despite hearing warnings of more rate hikes and more red ink from property insurers in coming months, Florida lawmakers may little appetite for further...

Claims Journal

Insurers Tapped to Pay Growing Number of False Claims Act Actions

Oct 25, 2021 A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble...

Governments Turn Tables on Ransomware Gang REvil by Pushing it Offline

Oct 22, 2021 The ransomware group REvil was itself hacked and forced offline this week by a multi-country operation, according to three private sector cyber experts working...

Volvo Adds 195,000 Vehicles to Recall For Dangerous Air Bags

Oct 22, 2021 DETROIT (AP) — Volvo is recalling another 195,000 vehicles in the U.S. because the front driver’s air bags could explode and send shrapnel into the cabin. It...

NFL, Players Agree to End ‘Race-Norming’ in $1 Billion Settlement

Oct 22, 2021 PHILADELPHIA (AP) — The NFL and lawyers for thousands of retired NFL players have reached an agreement to end race-based adjustments in dementia testing in...

Best's Reviews

United Insurance Estimates $37 Million in Third-Quarter Pretax Cat Losses

Oct 22, 2021 United Insurance Holdings Corp. said third-quarter pretax catastrophe losses through Sept. 30 could hit $37 million. The new estimate...

BestWeek: Cyber Capacity Constrained as Cautious Reinsurers Said to Hold Line on Primary Insurers

Oct 22, 2021 Cyberrisk remains a growing concern for many industries, but reinsurers are cautious about taking on additional risk...

SiriusPoint Acquiring Stake in Climate Risks Startup Parameter Climate

Oct 22, 2021 SiriusPoint Ltd. said it is acquiring a significant stake in underwriting and distribution advisory company Parameter Climate as part of a new...

State Farm Gets Injunction Blocking Louisiana Order to Pay Evacuation Claims

Oct 22, 2021 An administrative law judge has approved an injunction request by State Farm to block enforcement of an order in Louisiana requiring...