Markets
InsurTech FloodFlash Officially Launches in U.S.
Parametric flood insurer FloodFlash announced that it has entered the U.S., aiming to augment the market by using its parametric technology to make flood insurance available to businesses that can't ...
Skyward Specialty Finds 2023 Is Right for IPO
Houston, Texas-based Skyward Specialty on Friday became the first U.S. company to launch an initial public offering in the 2023 calendar year, a move that CEO Andrew Robinson said will provide ...
Appeals Court Rules Insurers Not Obligated to Defend Distributor of Opioids
Westfield National Insurance Co. and Motorists Mutual Insurance Co. are not required by their insurance contracts to defend generic drug distributor Quest Pharmaceuticals against dozens of ...
Recession Early Warning: More Misleading Earnings Reports
In the United States, publicly traded companies are required to report their recent financial performance, whether good or bad, to the public. The accuracy of these reports is critical for investors, ...
Size Matters: Risks of Injury, Death Rising As Heavy EVs Hit U.S. Roads, NTSB Says
U.S. National Transportation Safety Board Chair Jennifer Homendy on Wednesday raised concerns about the increased risk of severe injury and death from heavier electric vehicles on U.S. roads. She ...
Reinsurers Retreat From U.S. Disaster Hotspots on Climate Risks
Reinsurers are increasingly reconsidering their business in natural disaster-prone locations including California and Florida as losses mount, according to Moody's Investors Service. Climate change ...
Reinsurance Price Hikes to Boost Underwriting Margins
In a report published Tuesday, Fitch Ratings forecasted that sharp reinsurance price hikes achieved during Jan. 1 renewals will improve underwriting margins for its rated global reinsurance universe ...
Beazley Launches Global Re/Insurance Market’s First Cyber Catastrophe Bond
Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond. The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million ...