Markets
Commercial Auto InsurTech Fairmatic Raises $42M
InsurTech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the ...
50-50 Split: Reinsurers Feel Strongly Both Ways About Catastrophe Risk
The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies—either diving in to ...
Calif. Emission-Free Mandate Presents New Risks for Auto Insurers
A state mandate in California that will require all cars sold after 2035 to be emission free presents a formidable challenge for auto insurers to properly price and fully understand the risks ...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050
Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. ...
ILS Investors Could Help Fill Cyber Re/Insurance Protection Gap if Hurdles Are Overcome
The cyber re/insurance protection gap provides an opportunity for insurance-linked securities (ILS) investors, which historically have filled the gaps where traditional capital has either retrenched ...
Pandemic Challenges Driving Auto Insurers Further Into a Hard Market
A microchip shortage. Logistics industry backlogs. Supply and labor challenges. Worsening driver behavior. Social inflation. These are just a few challenges the auto industry is currently grappling ...
Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that ...
With a Few Exceptions, Personal Insurance Shopping Subdued in Q2 2022
Auto insurance shopping was down 3 percent overall in second-quarter 2022 compared to the same period in 2021. That trend was primarily driven by a significant decrease by higher-risk consumers, ...