Markets
InsurTechs Focused on Commercial Auto and Climate Risk Secure New Funding
An InsurTech MGA focused on commercial auto insurance has raised $16 million in new Series A financing. A climate-risk related InsurTech raised $4.2 million in new seed financing.
Progressive Adds Pet Insurance Coverage as Voluntary Employer Benefit
Progressive now offers pet insurance, with an eye on selling it by way of an employer-offered voluntary benefit. The Ohio-based property/casualty insurer said the new product comes through a ...
Missouri Judge Rules Business Owners Can Sue Carrier Over Coronavirus Losses
A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they ...
American Family Succession Plan Calls for Changing of the Guard in 2022
American Family Insurance group's succession plan calls for Chair and Chief Executive Officer Jack Salzwedel to continue as chair and CEO until Jan. 1, 2022. American Family Enterprise President Bill ...
Global Insured Catastrophe Losses Jump to $31B in H1: Swiss Re
Global insured property losses from disasters were $31 billion in the first half of 2020, up from $23 billion during the same period last year, according to Swiss Re Institute's preliminary sigma ...
Coronavirus Costs Deal Relatively Modest Blow to Major U.S. Insurers
The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter - a cost that was far less than feared and which the industry ...
P/C Insurance Software Startup Duck Creek Raises IPO Range
Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects ...
Beyond Facts, Good Leaders Also Follow Gut Instincts
In a rapidly changing business climate, executives must nurture their intuition as much as they rely on facts and figures to make decisions. A recent posting on the Great Leadership Blog argues as ...