Underwriting
Zurich Insurance, Metromile Disclose Their Post-COVID Return-to-Office Plans
Zurich Insurance and Metromile are among a number of industry companies that have plotted post- COVID returns to the office. Like the others who have recently disclosed their plans, they are doing so ...
FDA Slaps ‘Most Serious’ Label on Philips Ventilator Recall Over Low Oxygen Risk
The U.S. Food and Drug Administration on Tuesday classified the recent recall of some of Philips' ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause ...
Insurance Withdrawal Puts Sports and Festival Events at Risk
While there was debate about the wisdom of the Tokyo Olympics proceeding as scheduled given the current health conditions, the insurance industry dodged a bullet with the go-ahead. According to ...
MGA reThought Insurance Nails $15.5M Investment to Boost Flood Insurance Market Push
The MGA reThought Insurance secured a $15.5 million investment round designed to accelerate its growth in the U.S. Commercial flood insurance market. Several investors participated in the Colorado ...
The Hartford’s Q2 Net Income Is 94% Higher Than Last Year
The Hartford reported $900 million in net income in the 2021 second quarter, a 94 percent jump from second quarter 2020. Core earnings of $836 million were up 91 percent from second quarter 2020. ...
UK Drone Insurer Flock Raises $17M for Planned Expansion
British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya's Social Capital, Flock said on Thursday. Flock started out ...
Chubb CEO Greenberg Expects Steadier Commercial Rate Hikes Going Forward
Insurance industry analysts asked for years about when rates in the mainline property/casualty commercial insurance market would harden. Now that they have, Chubb Chairman and CEO Evan Greenberg was ...
Business Travelers Aren’t Rushing Back to Flying Just Yet
Of the 2 million people clogging airport security lines and gate areas again each day, one crowd is still largely missing: business travelers. Their absence is noteworthy because they are a key ...