Markets
With Climate Change, Uninsurable Basements Are in New York and Mumbai’s Future
Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe's largest insurers said. "If you go much further to ...
VC Firm Backed by Ex-Intelligence Chiefs Plans EU-Wide Cybersecurity Firm
A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cybersecurity specialist. C5 Capital aims to create a ...
Munich Re’s Hartford Steam Boiler Debuts Broad, Small-Biz Cyber Cover
Munich Re's Hartford Steam Boiler has started offering what it billed as comprehensive cyber insurance coverage for small to medium-sized businesses and other organizations. The HSB Cyber Suite ...
Slice Labs’ On-Demand Digital Insurance Platform Now Available to Carriers Via the Cloud
Slice Labs, the developer of on-demand, pay-per-use insurance for homeshare companies and others, started licensing use of the platform it created to outside insurers and startups. The New York-based ...
Digital Startup Neptune Flood Raises $2M to Fuel Private Flood Insurance Market Expansion
Neptune Flood, a digital startup private flood insurance provider, has secured $2 million in seed round funding and has plans to "aggressively expand" nationwide by offering its platform to carriers, ...
Natural Catastrophe Economic Losses Hit a Record $353B in 2017: Aon Benfield
Insured losses for last year's 330 natural catastrophes reached $134 billion, or 38 percent of their economic price tag of $353 billion, according to a report published by Impact Forecasting, Aon ...
Jan. 1 Reinsurance Renewals Point Toward Moderate Price Increases Through 2018: S&P
After years of declines, January reinsurance renewals finally turned in the other direction in an upward trend that will continue throughout 2018, according to a new Standard & Poor's report. ...
U.S. Senate Looks for Way to Bring Self-Driving Car Bill to Vote
The chairman of the U.S. Senate Commerce Committee is pursuing different strategies to win approval this year of landmark self-driving car legislation that could make it easier for automakers to get ...