Commercial Lines
Continuing to Build: Construction-Focused InsurTech Shepherd
Armed with $6.2 million in seed funding and a technology platform that simplifies the insurance submission process for construction brokers and middle-market commercial contractor clients, InsurTech ...
Guy Carpenter and Marsh to Combine South Africa Facultative Reinsurance Businesses
Reinsurance broker Guy Carpenter and insurance broker Marsh, both businesses of Marsh McLennan, said they are combining their South Africa facultative reinsurance operations into a single business, ...
Resilience Cyber Raises $80M to Fund Further Expansion Into Middle Market
Resilience, which offers cyber insurance and security solutions, reported that that it closed an $80 million Series C funding round as it plans for further middle market expansion and international ...
What Do You Do With Emerging Interest Risks?
Every emerging risk strategy must begin with a horizon scan. At Praedicat, our strategy is to scan the scientific literature for indications that scientists are investigating a new hypothesis that ...
Hard Market Moderating; Rate Decreases Possible By Q2: Report
While the hard market is continuing at "a tempered pace," with continued deceleration of price increases for many commercial insurance lines, "in Q2 we might even begin to see rate decreases," a ...
State High Court Slams Insurer for Forum Shopping in Opioid Case
The West Virginia Supreme Court has decided that a trial court has the authority to reach across the continent and halt an insurance carrier's litigation in California, a move that could affect other ...
Underwriting Insights: The Benefits of Man Plus Machine in a Digital World
Long before the pandemic, many insurance providers sought ways to use technology to meet the demand for faster turnaround times for quotes and renewals. In response to the restricted travel and ...
Insurers Pull Back on Cyber Cover as Ransomware Losses Mount
LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. ...