Underwriting
Philadephia Insurance Acquires World Wide Specialty’s Staffing Insurance Biz
Philadelphia Insurance Companies has acquired the Staffing Insurance Business offered by New York-based MGA World Wide Specialty Programs. The deal closed on December 31, 2020. Neither side disclosed ...
Jan 1. Renewals Produced Super-Sharp Commercial Insurance Rate Hikes
Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price ...
Zurich North America Starts Marketing Construction Weather Parametric Insurance for Contractors
Zurich North America is launching Construction Weather Parametric Insurance for project owners and contractors. The coverage, according to the insurer, is designed to fill a gap created by more ...
U.S. Government Will Use Obscure Federal Bureaucracy to Handle COVID-19 Vaccine Injury Claims
Lost in the U.S. launch of the coronavirus vaccine is a fact most don't know when they roll up their sleeves: In rare cases of serious illness from the shots, the injured are blocked from suing and ...
Crash Victim Families Want U.S. to Reverse Approval Bringing Back Boeing 737 MAX Planes
The families of victims killed in two crashes by Boeing Co's 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the ...
2020 InsurTech VC Financings: Only A Handful Reached $100M or More
Carrier Management covered more than 30 property/casualty-specific InsurTech venture capital financings in 2020. The rough total of those combined investments surpasses approximately $1.7 billion. ...
Cyber Remains Viable for Insurers Even as Attacks Escalate
It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded ...
Suspected Russian Hack of U.S. Government More About Espionage Than War
The suspected Russian hack of U.S. government agencies has led to heated rhetoric from lawmakers, with U.S. Senator Dick Durbin calling it "virtually a declaration of war" and U.S. Senator Marco ...