Underwriting
A New Carrier Joins Rideshare Insurance Market Along With Allstate, Liberty Mutual
A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft's drivers now also have access to coverage from ...
Allianz Among Insurers Bracing for Claims Over Hollywood Pandemic Production Shutdowns
Allianz SE, Europe's largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it's the ...
Delta Becomes a Hurricane Heading Toward Gulf of Mexico
Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane ...
Bold Penguin Acquires RiskGenius in Commercial Insurance Tech Deal
Bold Penguin has acquired RiskGenius in an M&A deal that the commercial insurance InsurTechs said will help grow their reach more than they have been able to thus far on their own. Bold Penguin, ...
Root Becomes Latest InsurTech to File IPO Plans
Digital Insurer Root Inc. has filed plans with the U.S. Securities and Exchange Commission for a proposed IPO. Details of the company's initial public offering will be fleshed out down the line. The ...
Delta Gears Up as Year’s 25th Named Storm
Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to move into the Gulf of Mexico and threaten the Gulf ...
Pandemics Now Trump Climate Change as Top Insurance Industry Worry
Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks ...
An InsurTech CEO’s Take on Ransomware Attacks
It almost goes without saying at this point: Ransomware attacks are on the rise. Ransomware attacks grew by nearly 50 percent in the 2020 second quarter along compared to the first three months of ...