Amazon.com Inc, UnitedHealth Group Inc. and CVS Health Corp are bidding separately for home health services provider Signify Health Inc Bloomberg News reported on Sunday, citing people with knowledge of the matter. Amazon’s reported interest is the latest sign of the e-retailer’s ambitions in healthcare, and comes a month after it agreed to buy One… Continue reading Amazon, UnitedHealth, CVS Health Bid for Signify Health: Sources
Author: Farkas Laura
Managing the Gap in Builder’s Risk Insurance
Commercial property insurance covers various kinds of property, including buildings, structures, contents, land, and even personal items such as jewelry. The type of coverage varies based on the property and the costs to rebuild. However, it doesn’t protect against risks related to projects under construction, which need the specialized protection of a Builder’s Risk Policy.… Continue reading Managing the Gap in Builder’s Risk Insurance
2022 On Track to Break Record for Most Product Recalls in One Year
According to the U.S. product recall index recently released by Sedgwick’s brand protection division, the number of recalled U.S. products this year has already surpassed 1 billion. Only two other years have seen more than a billion units recalled on record: 2018 and 2021. It took a full year to reach that point in those… Continue reading 2022 On Track to Break Record for Most Product Recalls in One Year
Workers Claim Sexual Harassment Continues at McDonald’s
Workers at McDonald’s, the world’s largest fast-food chain, are highlighting sexual harassment and retaliation against employees at its locations, an issue they say persists despite McDonald’s claims of reforms and changes in recent years. Rosalia Manuel of San Jose, California, began working at McDonald’s when she was 17 years old. On July 8, Manuel was… Continue reading Workers Claim Sexual Harassment Continues at McDonald’s
Insurers in Florida Facing Multiple Crises
According to an Issues Brief published by the Insurance Information Institute (Triple-I), the turmoil in Florida’s homeowners insurance market is primarily caused by the state’s excessive number of lawsuits and commonplace fraud schemes. “Floridians’ homeowners’ insurance is becoming more expensive and scarce because the state has been the site of too much litigation and too… Continue reading Insurers in Florida Facing Multiple Crises
GlobalData Says Insurtech Investment Fell by 80% in 2021
Insurtech investments fell by 79.6% in 2021, leading to job losses and tough economic conditions in 2022, according to GlobalData. This is the latest in a series of stories about insurtechs struggling in 2022. Lemonade, for example, recently reduced Metromile’s workforce by 20% after completing the acquisition of the insurtech in August 2022, despite previously… Continue reading GlobalData Says Insurtech Investment Fell by 80% in 2021
Bad Faith Claims Against Insurers on the Rise
There appears to be a growing trend in the United States of lowering barriers and making it easier for insureds to establish bad faith claims against their insurers, thereby broadening the scope of an insurer’s potential exposure to bad faith claims. In light of these recent decisions, insurance carriers must exercise extreme caution in keeping… Continue reading Bad Faith Claims Against Insurers on the Rise
Westfield Specialty Names Head of Cyber/PL Claims
WestfieldPro of Westfield Specialty is expanding its errors and omissions (E&O) and cyber liability offering and planning to enter the primary space after a successful first year in the market. Executive vice president and head of professional lines Dan Wadley; executive vice president Jeff Kulikowski; vice presidents Dennis O’Connell, Brian McCall, Christine Dickenson, and John… Continue reading Westfield Specialty Names Head of Cyber/PL Claims
AM Best: Reinsurers Shifting Business Away from Property to Casualty and Specialty Lines
According to a new AM Best report, insurers are shifting their business mix away from property and toward casualty and specialty lines due to uncertainty. “Although casualty and specialty lines are not immune from accumulation risk, as seen in major events such as the pandemic or the Ukraine invasion, they are considered to be more… Continue reading AM Best: Reinsurers Shifting Business Away from Property to Casualty and Specialty Lines
Companies Weigh In on Two Proposed Sustainability & Climate-Related Disclosure Rules
More than a hundred companies responded to two proposed rules on sustainability- and climate-related disclosures, weighing in on the benefits of a global baseline for disclosures and the drawbacks of revealing information that could put a company at a competitive disadvantage. The International Sustainability Standards Board, which establishes climate-disclosure rules, is debating two proposals that… Continue reading Companies Weigh In on Two Proposed Sustainability & Climate-Related Disclosure Rules