Risk
U.S. P/C Net Underwriting Income Grew Nearly 30% in H1 2021: AM Best
The U.S. property/casualty industry grew its net underwriting income by 28 percent in the first six months of 2021 compared with the same prior-year period. According to a new AM Best report, a 5.4 ...
Near-Normal Tropical Storm Activity Predicted Through Sept. 1
Researchers from Colorado State University see near-normal tropical storm activity in the Atlantic Ocean, Caribbean and Gulf of Mexico through Sept. 1, according to a forecast update issued on ...
How to Achieve Organizational Goals With Scenario Planning
Even if they are never laid out in a formal document, every company is going to have strategic goals. After all, no executive is going to say that they don't want their company to grow or otherwise ...
‘Have Your Computer Talk to My Computer’: Caribou Honig Dissects Embedded Insurance Trends
Embedded insurance is becoming increasingly ubiquitous. But it is important to remember the concept isn't exactly new, nor is it likely to be fleeting, according to an industry expert. "It's ...
Haiti Earthquake Caused $250M in Insured Losses
The large 7.2 magnitude earthquake, which hit Haiti on Aug. 14, is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. While the insured losses ...
DigiSure Raises $13M, Rolls Out Platform for Individualized Microinsurance Policies
InsurTech startup DigiSure raised $13 million in fresh financing and is now rolling out a digital platform designed to offer individualized microinsurance policies for mobility and shared economy ...
Boy Scouts Win Conditional Judicial Approval for Sex Abuse Bankruptcy Plan
The Boy Scouts of America has received a green light from a judge to proceed with its $850 million reorganization plan to exit bankruptcy and settle more than 80,000 claims brought by victims of ...
Willis Towers Watson Alleges Alliant Unlawfully Stole Employees, Trade Secrets and Clients
Insurance brokerage competitors Willis Towers Watson and Alliant Insurance Services are battling in court over what Willis alleges is a conspiracy by Alliant to steal its employees, trade secrets and ...