INSURTECH
Jun 17, 2021 03:03 PM (EDT)
Some life/health insurtechs continue to struggle on the path toward profitability in 2020, but the insurtech sector as a whole remains attractive to investors, who advanced $2.55 billion across 146 deals in the first quarter of this year, a jump of 180%.
MERGERS AND ACQUISITIONS
Jun 17, 2021 02:54 PM (EDT)
The U.S. Justice Department’s effort to block the merger of Aon plc and Willis Towers Watson plc is likely to lead to more proposed divestitures by the companies to get the deal done, and while a breakup fee from Aon to WTW is a possibility, observers say the divestiture route is more likely.
CREDIT SCORING
Jun 18, 2021 09:05 AM (EDT)
With Washington state’s temporary three-year ban on the use of insurance-based credit scores in property/casualty underwriting beginning June 20, Insurance Commissioner Mike Kreidler is taking an even-keeled approach to his order, which was excoriated by the insurance industry.
PRESS RELEASE
Jun 16, 2021 06:49 AM (EDT)
Despite COVID-19’s operational and sales impacts on the U.S. individual annuity industry, the bigger issue for writers remains the low interest rate environment, according to a new AM Best report.
HEALTH CARE REFORM
Jun 17, 2021 12:10 PM (EDT)
In a 7-2 vote, the U.S. Supreme Court has upheld the Affordable Care Act, ruling the ACA’s challengers lack standing to bring their complaints that the absence of individual mandate penalties made Obamacare unconstitutional.
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