Commercial Lines
Root Reportedly Nears Finish of $350 Million Financing Round: WSJ Report
Root Insurance is reportedly nearly finished raising $350 million in new financing, The Wall Street Journal is reporting. Roots' latest funding round is expected to be completed sometime this month, ...
Britain’s RSA Insurance Pursues New Bond Despite Being ‘Well Insulated’ From Brexit
RSA Insurance Group Plc is issuing sterling debt well ahead of an October 31 Brexit deadline, even though the U.K. insurer will likely fare better in a disorderly exit than many of its ...
EU Rejects UK PM Johnson’s Bid to Reopen Brexit Divorce Deal
Prime Minister Boris Johnson's demand that the European Union reopen the Brexit divorce deal was rebuffed on Tuesday by the bloc, which said Britain had failed to propose any realistic alternative to ...
GuideOne Partners With Company That Provides Active Shooter Readiness Training
GuideOne Insurance is partnering with a company that trains businesses, schools and churches how to proactively counter active shooters and violent intruders. The Iowa-based insurer said it will work ...
Slowing the Pace of Climate Change Will Help Economic Growth: Study
Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy. Abiding by the ...
Arch Insurance Asserts Policy Exclusion Frees It From Covering USC’s $215M Sex Abuse Settlement
Arch Specialty Insurance Co. is arguing in a recently filed a lawsuit that it shouldn't have to cover the University of Southern California's $215 million settlement in a case where the school's ...
Property, WC, Liability Price Hikes Drive Up Total Cost of Risk for Businesses
Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from ...
European Commission Warns Britain Will Suffer Most Under No-Deal Brexit
The European Commission said on Monday that the EU was ready for a no-deal Brexit and that Britain would suffer most under such a scenario. Speaking at a regular daily briefing, Commission ...