Markets
Startups Focused on Data Observability, Digital Wallet Tech and Risk Management Obtain Financing
Tech startup Monte Carlo raised $25 million in new Series B financing to help build its Data Observability platform. New York-based InsurTech Marble raised $2.5 million in early-stage funding that ...
Willis Towers Watson CEO Pledges Merger With Aon on Track for H1 2021
The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said John Haley, Willis Towers Watson's chief executive. "In March of last year when we first announced ...
Toyota Teams With Two Companies on Autonomous Minivans for Ride Hailing Networks
Toyota Motor Corp and longtime supplier partner Denso Corp will team up with self-driving car startup Aurora to develop and build autonomous minivans for ride hailing networks, the companies said on ...
Metromile Becomes a Public Company Feb. 10 After Reverse Merger Deal Closes
Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. ...
P/C Insurer Net Income Plunged 27% Through September 2020, Pushed by Catastrophes
U.S. property/casualty insurance net income dropped by more than a fourth in the first nine months of 2020 as the industry was hammered by COVID-19 and an historic catastrophe season, according to a ...
Brazil Group Sues Norwegian Aluminum Producer Over Alleged Toxic Waste Pollution
Some 40,000 Brazilians are bringing a group-action lawsuit against Norwegian aluminum producer Norsk Hydro for what they say is toxic waste pollution the company is causing in northern Brazil. The ...
CNA Sees Big Q4 Gains as Market Hardens
CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net income versus $273 million the year before. Net income per share during ...
Hippo Reportedly Pursuing Going Public Through SPAC Reverse Merger
Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with ...