Markets
‘Katy, Bar the Door’: More Risks Loom for Insurers Post-COVID
The soaring price of lumber was one of the hottest topics on the lips of industry executives speaking at midyear conferences, becoming a focus of discussion almost as often as cyber risks and social ...
Aon Cell Company + 8 Reinsurers Back Lloyd’s Central Fund; $900M Cover
Late last week, Lloyd's announced that the marketplace has secured a five-year £650 million (roughly $900 million) reinsurance cover for its Central Fund—a move should protect against severe tail ...
Aon CEO Makes Case For Willis Deal Boosting Industry’s Innovation
The enhanced ability to innovate is a principal motivator for Aon's proposed acquisition of Aon and Willis Towers Watson. It's a message that Aon CEO Greg Case has been emphasizing since the $30 ...
Legalized Marijuana Linked With Higher State Crash Rates
Researchers report increasing evidence that motor vehicle crash rates rise when states legalize recreational use and retail sales of marijuana, although what effects marijuana itself has on drivers ...
New Florida Law on Reinsurance Becomes Effective July 1
A newly-enacted Florida law revises reinsurance statutes, providing insurers with credit for reinsurance and eliminating additional collateral requirements for a reinsurer if it is domiciled in a ...
U.S. Auto Buyers Not Sold on Electric Vehicles
The world's major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. Yet for that to happen, they'll need to sell the ...
Rare COVID Biz Interruption Win Hinges on Past Cat Urine Case Ruling
A judge has ruled in favor of a group of hotels whose owners sued their insurance carriers over lost business during the coronavirus pandemic. Businessman Mark Stebbins of Schleicher & Stebbins ...
French Pricing InsurTech Akur8 Raises $30M; Eyes U.S., Asian Markets
Akur8, the Paris-based InsurtTech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will ...