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AXIS Capital Restructures to Focus More on Tech & Innovation
AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place during the 2018 second quarter. The Bermuda-based …

POSTED JANUARY 24, 2018 9:12 AM
Beazley Adds Post-Breach Services to Cyber Coverage for Small, Mid-Sized Policyholders
Beazley has further enhanced its Beazley Breach Response (BBR) coverage for small and mid-sized policyholders in the U.S. In conjunction with Lodestone Security, a specialist advisory firm and wholly owned subsidiary of Beazley, BBR policyholders now have access to up …

POSTED JANUARY 24, 2018 6:19 AM
Tesla Autopilot Crash with Parked Fire Truck in Los Angeles Under Investigation
The U.S. National Transportation Safety Board will investigate an accident involving a Tesla Inc. Model S sedan that rear-ended a firetruck on a freeway near Los Angeles on Monday, the agency said. The agency will send two investigators to conduct …

POSTED JANUARY 24, 2018 6:00 AM
In 2017, Labor Lawyers Raced to Settle Class Actions Before Trump Effect
While employers across the U.S. paid a record amount in settlements for workplace violations last year, don’t expect this to mark the beginning of a trend. Think of it more as the storm before the calm, as labor lawyers rush …

POSTED JANUARY 24, 2018 6:00 AM
With $25 Million in New Funding, Home Insurtech Hippo to Expand
Insurtech Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and Fifth Wall led the round, along with …

POSTED JANUARY 24, 2018 6:00 AM
Express Scripts Fight Over Cyber Disclosure Reaches SEC
The U.S. Securities and Exchange Commission will review a dispute between Express Scripts Holding Co. and New York State Comptroller Thomas DiNapoli over his effort to force the prescription-benefits manager to increase cyber-risk disclosures. Express Scripts told the SEC last …

POSTED JANUARY 24, 2018 6:00 AM
Florida Highway Patrol Report Confirms Driver Killed by Faulty Takata Airbag
A Florida woman died because a faulty air bag ruptured and fired shrapnel into her head during a crash she should have survived, a report released Jan. 17 by the state’s Highway Patrol said. Nichol Barker, 34, of Holiday, Florida, …

POSTED JANUARY 24, 2018 5:21 AM
InsuranceHub Acquires Insley Insurance of Georgia
InsuranceHub, a technology-driven insurance agency with more than 15,000 clients nationwide, has acquired Insley Insurance of Dacula, Ga. The acquisition became official in January 2018. Insley Insurance was founded by Kristina Insley and Yvonne Sliger in 2014 and works with …

POSTED JANUARY 24, 2018 5:07 AM
PCI Responds to California Commissioner’s Statements on Federal Tax Reform
The Property Casualty Insurers Association of America is taking issue with a statement from California Insurance Commissioner Dave Jones calling for rate reviews following the federal tax legislation passed by Congress. Jones said Monday he wants insurers in his state …

POSTED JANUARY 24, 2018 12:52 AM
Losses From Southern California Fire Could Reach $2.5B, Expert Says
Losses from the Thomas Fire in Southern California are expected to fall between $1 billion and $2.5 billion, a catastrophe modeling firm said on Tuesday. The Thomas Fire, which raged across Southern California’s Ventura and Santa Barbara counties throughout most …

POSTED JANUARY 23, 2018 10:37 PM

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