Commercial Lines
Cyber Insurance Startup At-Bay Pulls in a $6 Million Seed Round
At-Bay, a new insurance company startup focused on cyber insurance and related risk management, came out of stealth mode on Nov. 17 with news of $6 million in seed venture funding. LightSpeed Venture ...
Can Breakfast Restart Brexit Talks? Stay Tuned
British Prime Minister Theresa May will try to unblock Brexit negotiations over breakfast with her Irish counterpart Leo Varadkar on Friday as she battles to persuade European leaders to allow talks ...
UK Broker Probe Could Help Boost London Insurance Market Competitiveness: Fitch
The UK Financial Conduct Authority's review of the wholesale insurance broker market could help counter the trend of rising expenses for London market insurers, according to a Fitch Ratings briefing. ...
Insurers Are Increasing Their Investment Risks, EU Regulator Survey Shows
Insurance companies in search of yield have increased their exposure to bonds with lower credit ratings and to less liquid securities like non-listed equities and loans, according to a survey by ...
Hedge Funds Are Betting on a Reinsurance Recovery
Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United ...
House Passes Package of Flood Insurance Bills, Reforms Included
The House of Representatives on Tuesday voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874), a package of seven bills that reauthorizes the National Flood Insurance Program (NFIP) ...
Tesla Will Fight Racial Discrimination Class-Action Lawsuit
Tesla Inc said on Wednesday it would fight a class-action lawsuit filed against it earlier this week claiming the electric automaker's California production plant was a "hotbed for racist behavior." ...
European Insurers Surpass U.S. Rivals in Coal Investment Exits: Campaign Group
Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken "meaningful action," campaign group Unfriend Coal said on Wednesday. ...