Commercial Lines
State Farm, Generali Join $53M VC Round for Nexar, an AI Computer Vision Startup
State Farm and Generali joied the $53 million financing round for Nexar, an AI computer vision startup based in New York. The technology startup provides crowd-sourced visual data that is ...
Cyber Rate Hikes Could Climb 150% in 2022, but Other Lines Will Stabilize: Willis Towers Watson
North American commercial insurance prices should soften gradually in the coming months, bringing a slowdown in many premium rate hikes and more stability in 2022, Willis Towers Watson said in a new ...
As Insurance Demand Rises, Premiums Projected to Reach Record Levels: Swiss Re
Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute's latest sigma study. The global insurance ...
Nationwide, Kinetic Team on Wearable Workplace Safety Technology
New York-based safety technology firm Kinetic has formed an underwriting partnership with Nationwide's E&S/Specialty division. Acting as program manager, Kinetic Insurance is offering workers' ...
U.S., Israel Will Partner to Fight Ransomware Attacks
The U.S. Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity. The task force will develop ...
Google Dealt Amended Antitrust Complaint From U.S. States
A group of U.S. states led by Texas have filed an amended complaint against Alphabet Inc's Google accusing the tech giant of using coercive tactics and breaking antitrust laws in its efforts to boost ...
Steadily, a Digital Landlord Insurance MGA, Raises New Funding
Steadily, an InsurTech MGA focused on landlord insurance, has raised $27.2 million in new venture capital designed to help expand the reach of its digital platform. Matrix Partners and Zigg Capital ...
Samsung Fire & Marine Will Underwrite Canopius U.S. Admitted Specialty Lines
Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial minority shareholder and business partner, to underwrite U.S. ...