Markets
Nordstrom Lawsuit Argues Civil Unrest Was Single Event With Only 1 Deductible Owed
Nordstrom Inc. has filed suit against its insurers, seeking a court declaration that they must treat nationwide civil unrest last spring and summer as a single occurrence rather that separate events ...
Generali Hit by Coronavirus Costs, but Upbeat About 2021
Generali is confident it can hit its targets this year after Italy's biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating ...
Insurers, Reinsurers Ready for Fight Over UK COVID-19 Business Interruption Payments
Top insurance companies, ordered by Britain's highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who ...
Cowbell Cyber Pulls in $20M From Brewer Lane, Markel, Others
Cowbell Cyber nailed down $20 million in new venture capital financing from multiple investors. The InsurTech and MGA provides multi-faceted cyber insurance and related services to small and ...
Hi Marley Envisions Expansion of Its Intelligent Communications Platform With $25M Venture Investment
Hi Marley raised $25 million in new funding it will use to fuel further expansion of its AI-enabled texting platform for the insurance industry. Emergence Capital led the Boston-based InsurTech's ...
New Capital Not Impacting ‘Extraordinary’ 2021 Market: Berkley
External capital supporting new entrants to the property/casualty insurance and reinsurance markets is a "drop in the bucket" when measured against the magnitude of recent events, an industry leader ...
UPDATED: Google Hires Deloitte Digital’s Walsh to Lead North America Insurance Business
Google has hired former Deloitte Digital partner Nigel Walsh to lead its insurance business in North America. Walsh disclosed the news on Twitter and LinkedIn. He noted on LinkedIn that he'll be part ...
Essential Workers Worry About Safety, Jobs as States Ease Mask Rules
Leo Carney worries that bigger crowds and mask-less diners could endanger workers at the Biloxi, Mississippi, seafood restaurant where he manages the kitchen. Maribel Cornejo, who earns $9.85 an hour ...