Underwriting
USAA Among Backers of Flo, a Home Water Damage Prevention Startup
Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 ...
Reinsurers’ Hurricane, Quake Losses Could Hit $25B: A.M. Best
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry ...
Brexit Drives British Ship Insurer North to Establish Dublin Subsidiary
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to ...
Takata Corp. Slow to Repair Defective Air Bags in U.S. Vehicles
Nearly two-thirds of the U.S. vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto ...
‘Brexit Bill’ Proposal Likely From Britain Before December EU Summit
Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on ...
California Wildfire Insured Losses Might Surpass $10B: AIR Worldwide
Insured loss estimates are coming in for the fall's historic California wildfires, and they're substantial. Catastrophe modeling firm AIR Worldwide said it estimates insured losses from the fires ...
What Data Carriers Should Collect from Agents and Why
When it comes to sales and marketing, carriers that distribute through independent agencies are not in control. Many carriers have put significant focus on data and analytics within their own ...
Cyber Insurance Startup At-Bay Pulls in a $6 Million Seed Round
At-Bay, a new insurance company startup focused on cyber insurance and related risk management, came out of stealth mode on Nov. 17 with news of $6 million in seed venture funding. LightSpeed Venture ...