Underwriting
Bolttech Raises $180M to Supercharge Insurance Company Matchmaker Platform
Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York ...
Global Cyber Reinsurance Rates Skyrocketed 40 Percent for July Renewals: Willis Re
Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware ...
E-Cigarette Maker Juul to Pay NC $40M to Resolve Claims It Marketed to Minors
E-cigarette maker Juul Labs Inc has agreed to pay $40 million to North Carolina to settle a lawsuit by the state accusing it of marketing its products to minors. The settlement, announced on Monday ...
Warning: High-Tech Cyber Crime Will Keep Coming, ‘Terminator’-Style
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at ...
Allstate, CNA, Nationwide Vets Join Kin Insurance in Key Leadership Roles
Kin Insurance, a catastrophe-risk specialist home insurance startup, has turned to veterans of Allstate, CNA, Nationwide and elsewhere to fill key leadership slots as it expands. Kin recently raised ...
Japan Insurers Struggle to Produce Reliable Climate Change Cost Estimates
As the world tries to price the cost of climate change, Japan's second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from ...
U.S. Personal Lines Insurance Shopping Rebounds Strongly: TransUnion Report
U.S. shopping for personal lines insurance is showing signs of returning to pre-pandemic levels, according to a new TransUnion report. Auto insurance remains a big exception, however. The consulting ...
See You in Person: Global Insurance Symposium Readies Post-COVID Gathering, With Online Component
After more than a year of quarantines, masks and other COVID-19 precautions, an insurance industry group is about to hold an in-person meeting again. The Global Insurance Symposium is meeting in Des ...