Markets
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines
Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they'll continue to sit on the market sidelines, a market executive said ...
Louisiana Governor Orders Special Session to Address Insurance Incentive Fund
Louisiana Gov. John Bel Edwards called for a special session Sunday to address appropriate funds to the Insure Louisiana Incentive Fund, a fund created by lawmakers last year to attract more ...
Joyn Insurance Completes $17.7M Series A Funding Round
Delaware-based InsurTech Joyn Insurance announced in January that it completed a $17.7 million Series A funding round led by OMERS Ventures, with participation from Avanta Ventures, ManchesterStory, ...
1/1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected
When an AM Best analyst said, "Apparently, things didn't go that bad" to describe 1/1 reinsurance renewals during an online briefing on Monday, he wasn't actually saying anything unique. Carlos ...
OSHA Says Amazon.com Exposed Workers to Safety Hazards
A U.S. government agency has issued citations against Amazon.com Inc. for failing to keep warehouse workers safe by exposing them to ergonomic hazards that resulted in serious injuries. The ...
Drenching In California: Most Homeowners Have No Flood Insurance
Last Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks ...
It’s Not Over: Tough Times to Persist for Reinsurance
Repeating words like "frustrated" and "disappointed," which also punctuated earlier reinsurance broker reports on the Jan. 1 reinsurance renewals to describe buyers' reactions, Aon suggested that the ...
Fewer Companies Are Paying Ransoms to Hackers, Researchers Say
Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the ...