Risk
Florida Carriers Fight Back Against Recent Ratings Agency Financial Strength Report
With Florida about to enter peak hurricane season, a state insurance association representing more than a dozen insurers in Florida is hitting back against a recent report from ratings agency Weiss ...
Wildfires in Greece Claim Dozens of Lives
Greek firefighters say that at least 74 people were killed in wildfires in the country's Attica region, which includes Athens, as a summer heatwave has increased the risk of blazes across Europe. The ...
Climate Change Starts to Globally Disrupt the Seasons Themselves
Poring over four decades of satellite data, climate scientists have concluded for the first time that humans are pushing seasonal temperatures out of balance—shifting what one researcher called the ...
Ex-Lloyd’s Chairman Nelson Warns UK Faces an ‘Abject’ Post-Brexit Future
The U.K. is facing a grim future after Brexit because of the failure of its politicians to govern responsibly, the former chairman of insurance market Lloyd's of London wrote in a letter to the ...
Pay-Per-Mile Auto Insurer Metromile Pulls in $90M Financing Round
Metromile Inc., a pay-per-mile auto insurance provider, raised $90 million in new financing designed to further expand the use of its technology, which includes artificial intelligence for ...
UK Motor Insurers Will Mutualize Claims for Terror Attacks Using Vehicles as Weapons
UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. MIB is the UK's ...
Crypto Cover Is Drawing Increasing Insurance Industry Interest
In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won't find many ads promoting it or details on company websites offering it. But according to industry ...
UK Official Warns EU Risks Forcing Chaotic Brexit Without a Deal
British Foreign Secretary Jeremy Hunt said the U.K. will not "blink" in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his ...