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Root, Hyundai join forces to expand auto insurance
[ad_1] “This collaboration further diversifies and expands Root’s offerings across distribution channels,” said Alex Timm, Root’s co-founder and CEO. “Our partnership channel has seen new writings increase 115% year-over-year as our pipeline continues to expand across the automotive, financial services, and agent sub-channels.” [ad_2] Source link
Possible lawsuit pressures Tesla to remove collision alerts from safety score program
[ad_1] Advancements in vehicle technology, including the integration of Advanced Driver Assistance Systems (ADAS), have influenced collision claim frequencies and severities. While ADAS features aim to reduce accidents, the complexity and cost of repairing these systems can lead to higher claim costs when collisions occur. [ad_2] Source link
Gallagher appoints head of aerospace claims
[ad_1] In the U.S., the practice serves clients such as commercial airlines, general aviation operators, aerospace and manufacturers, airports and government contractors. Services range from insurance placement and claims management to risk advisory across areas including hull and liability coverage, product liability and satellite-related exposures. [ad_2] Source link
Second Circuit rules Lloyd’s surplus lines arbitration clause trumps Louisiana insurance law
[ad_1] The case stemmed from disputes over insurance coverage for two commercial properties in Louisiana that were damaged during Hurricane Ida in August 2021. After the storm, the properties were sold to new owners – 3131 Veterans Blvd LLC and Mpire Properties LLC – who took over the rights under the existing insurance policies. The…
Liberty Company partners with Hahn Insurance to expand in New Jersey
[ad_1] The agreement with Hahn Insurance Agency is the latest in a series of partnerships Liberty has established to scale its platform. Earlier this year, Liberty secured an additional $100 million in funding, led by JPMorgan Chase. This financing aims to fuel mergers, acquisitions, and innovation within the company. [ad_2] Source link
Examining the challenges facing private equity firms with cyber
[ad_1] QBE North America recently released a new whitepaper “Private Equity Firms Enhancing Cyber Resilience of Portfolio Companies,” which explores the cybersecurity risks facing private equity firms and their portfolio companies. The whitepaper provides insights into how private equity firms are assessing the cybersecurity capabilities of portfolio companies and the steps they are taking to…