Markets
Businesses and Insurers Face Survival Showdowns From Africa to America
W ynand du Toit's safari camp in South Africa's Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 ...
Researchers Worry That ‘Whiteness’ of AI Erases People of Color: Risk Alerts
Researchers from the University of Cambridge are worried that the "overwhelming whiteness" of artificial intelligence may remove people of color from humanity's vision of the future. Teens and young ...
How Parametric Triggers Can Allow Insurers to Cover Pandemic Business Interruptions
The COVID-19 pandemic has caused severe levels of disruption to economies around the world and has affected businesses of all sizes—and the insurance industry has been caught in the middle of the ...
The Latest Launches From Coalition and Nationwide
Coalition is now doing business in Florida, marketing its combined cyber insurance/cybersecurity tool offering. Nationwide is launching a new annuity through a partnership with Annexus, a developer ...
Business Interruption Lawsuit Between Law Firm, Travelers Advanced by Federal Judge
A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in refusing to remove its case to state court and ...
American Family Ventures’ New $213M Fund Seeks Early Stage InsurTech Startups
American Family Ventures has launched a new $213 million fund that invests in early stage InsurTech startups. "The insurance industry is embarking on profound transformation," AFV managing director ...
Unusually Harsh California Heatwave Heightens Risk of Wildfires
The current heatwave broiling Californians like no event in decades is also elevating the risk for another potential disaster in the weeks ahead: wildfires. While heat and dry conditions have ...
COVID-19 Uncertainties Likely to Reverse H1 Global Insurance M&A Surge
Insurer mergers and acquisitions climbed higher in the first half of 2020 with a robust 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co's "Insurance ...