Underwriting
Frequent Hurricane Shutdowns Create Business Interruption Struggles for U.S. Energy Firms
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results. Eight named storms ...
Reinsurers’ Investment Strategies Help Them Tolerate COVID-19 Impact: S&P
A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this ...
Insurers Make Major Strides in Beefing Up Customer Experience: IBM Survey
Insurers have made significant strides over the last decide in improving customer experience through new technology or other initiatives, a new IBM survey found. Approximately 85 percent of insurers ...
InsurTech Veterans Debut MGA Startup Assurely, Disclose $3.7M Seed Round
Veteran co-founders or executives from Lemonade, CoverWallet and Pie Insurance are behind a new InsurTech that raised $3.7 million in debut financing – money designed to support its focus on ...
Global Regulator Claims Too Few Companies Disclose Climate Change Financial Hits
Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a ...
U.S. Businesses Stock Up on Insurance Cover Over Fears of Post-Election Chaos
Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible ...
Hurricane Zeta Brings Damaging Winds, Storm Surge to Louisiana
Hurricane Zeta was poised to crash into Louisiana on Wednesday with a "life-threatening storm surge" and winds that will reach far inland, the state's sixth lashing this year from a Gulf Coast storm. ...
InsurTech VC Breaks Records in Q3; Mid-Tier Startup Funding Shrinks
InsurTech funding saw the largest number of deals and the highest amount of funding since data recording into InsurTech began, with $2.5 billion raised by InsurTech firms across 104 deals during the ...