Commercial Lines
Palomar Specialty’s IPO Rockets Above $15 Per Share Price Launch
Palomar Specialty launched an initial public offering on April 17, with the California-based specialty catastrophe insurer starting to sell on the Nasdaq Global Select Market at $15 per share. Shares ...
AXA Exposed: Carrier Discloses It Covered Two Contractors Working on Notre-Dame Restoration
French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame's restoration prior to the blaze that devastated the ...
As Insurers Field Record Climate-Related Losses, Central Banks Push Greener Finance
With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of ...
GM Hit With Suit Alleging it Failed to Warn Cadillac Owners of Headlight Defects
General Motors Co. failed to warn U.S. drivers of a Cadillac sport-utility vehicle about a defect that causes headlights to malfunction because moisture gets inside the glass, creating a safety ...
State Auto, Google Help Back AI Startup Flyreel’s New Financing Round
Flyreel, an artificial intelligence InsurTech startup focused on property insurance, recently raised $3.85 million in new financing from State Auto and several other investors. Gradient Ventures, ...
Proposed California Regs Would Allow for Small Self-Driving Delivery Trucks
California regulators on Friday proposed regulations that would allow vehicle manufacturers to test or deploy small self-driving delivery trucks on public roads, the state's Department of Motor ...
Major European Insurers Expect France to Shoulder Notre-Dame Rebuilding Cost
Major European insurers expect France to bear the bulk of the cost of rebuilding the Notre-Dame Cathedral after a fire tore through the eight-centuries-old Paris landmark on Monday. The cost of a ...
An Explanation About Uber’s ‘Heavy’ Dependence on Insurance
Uber Technologies Inc., on its way to an initial public offering that some media reports say could raise $10 billion, might not be in the position it is in without insurance. "Our business depends ...