Underwriting
Cybercrime Shifts Toward More Profitable Business Attacks
Cybercriminals shifted away from stealing individual consumers' information in 2020 to focus on bigger, more profitable attacks on businesses, according to a report from the Identity Theft Resource ...
Rent Security Deposit Insurance Startup Raises $95M
New York City-based InsurTech Rhino recently pulled in $95 million in new financing, money that will propel growth of its security deposit insurance business. Investment firm Tiger Global Management ...
InsurTech Joshu Raises $3.7M for Commercial Insurance Digital Platform
The InsurTech Joshu raised $3.7 million in seed funding to advance its digital tools designed to help carriers and MGAs bring their commercial insurance business online. Blumberg Capital led the ...
South African Insurer Santam to Begin Processing 4,000 COVID Business Interruption Claims
South African insurer Santam Ltd said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond ...
Specialty E&S Insurer Upland Capital Makes Its Debut
Upland Capital Group has become the latest specialty insurance business in the marketplace. The Dallas-based operation plans to offer a diversified portfolio of excess and surplus lines casualty, ...
Tyson Foods Will Fork Over $221.5M for Chicken Price-Fixing Claims
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...
2021 InsurTech NY Early-Stage Competition Looks to Bermuda
InsurTech NY and the Bermuda Business Development Agency are teaming up for the 2021 InsurTech Early-Stage Competition. Bermuda's lucrative reinsurance market could benefit from the arrangement, ...
Travelers Q4 Earnings Jump With Bigger Investment Returns, Lower CAT Claims
Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts' estimates on Thursday, helped by an increase in returns from investments and lower ...