Commercial Lines
WC InsurTech Omaha National Group Raises $45M; Business Model Transition Underway
The InsurTech Omaha National Group, a provider of workers compensation insurance and payroll services, is transitioning to being a direct insurance writer in the space. A new $45 million venture cash ...
Climate Change Returns as a Top Insurance Industry Concern
Climate change has returned to the top of the list of insurers' biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global ...
Three U.S. Drug Distributors Will Pay $75M to Resolve Opioid Claims With Native American Tribe
The three largest U.S. drug distributors will pay more than $75 million to resolve claims they fueled an opioid epidemic in the Cherokee Nation's territory in Oklahoma, marking the first settlement ...
Buckle Secures $60M Financing to Scale Gig Economy Digital Platform
Buckle Corp. has nailed down $60 million in new venture capital financing, money that will help scale its full-stack insurance-as-a-service platform for the gig economy. "This new raise helps ...
Risk Alerts: Deepfake Satellite Imagery; Baby Cushion Dangers
Artificial intelligence can be used to falsify satellite imagery. Baby cushions from The Boppy Company have been recalled due to safety risks. *** Geographers from the University of Washington are ...
Allianz Reportedly Explores Transferring Block of Swiss Life Insurance Assets as Probe Begins
Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as ...
United Nations Development Arm Starts Disaster Insurance Program
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural ...
Generali CEO Wins Board Backing Despite Opposition From Two Leading Shareholders
The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy's top ...