Personal Lines
Billionaire Covering Morehouse Grads’ $40 Million Student Debt Has Insurance Industry Ties
The billionaire technology investor and philanthropist who has promised to assume the $40 million student debt of the entire graduating class at Morehouse College has ties to the insurance industry. ...
Nigeria Triples Insurer Capital Requirements
Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector's risk management. Existing companies must comply by June ...
Nationwide, State Auto, Liberty Mutual Contribute to Snapsheet’s New $29M Financing
Snapsheet, a virtual claims technology provider, raised $29 million in new funding, and the growing InsurTech plans to invest its cash infusion into furthering a global expansion. New investors ...
The Hartford Completes Its $2.1B Acquisition of Navigators on May 23
The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. "This acquisition is a significant milestone for our ...
Wild U.S. Weather Switcheroo Could Further Soak Midwest, Dry Out South
Different parts of the U.S. are set to see wildly disparate weather conditions next week, potentially rattling energy and agricultural markets. A potentially record-setting heat wave will probably ...
Real Estate Data/Analytics Outfit Attracts $12M in Financing, Targets Insurers for Expansion
A company that gathers data and analytics for real estate customers has raised $12 million in new financing, with plans to grow its business further among financial firms and insurance companies. ...
Generali Sees Large Profit Increase, but Regulatory Changes Hit Capital Reserves
Generali, Italy's biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital ratios fell due to regulatory changes. Generali's ...
RMS Unleashes Open Data Modeling Standard With No License or Fee Required
Catastrophe modeler RMS said it is debuting an open data standard that doesn't require a license, fees or permissions for usage. Known as the Risk Data Object, or RDO, the data structure is designed ...