Personal Lines
To Some InsurTech Insiders, Chubb CEO Greenberg’s ‘Hype’ Label Misses Their Larger Purpose
Chubb CEO Evan Greenberg's recent comments poo-pooing InsurTechs' boasts of their powers of disruption and transformation drew polite and measured response from startup investors, advocates and ...
Hidden Cyber Risk for U.S. Property Insurance Could Trigger $12.5B in Losses
Hidden cyber risk in the U.S. property insurance market could trigger $12.5 billion in losses, according to a new industry report. What's more, this 1-in-100-year loss could harm AM Best's Capital ...
Munich Re’s Venture Arm Raises $500M for New Fund Focused on InsurTech, Cybersecurity, Other Sectors
Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on InsurTech and cybersecurity. The new financing arm, ...
China Triggers Another Anti-Graft Effort for Finance Sector
China's ruling Community Party turned its sights on the country's vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings. The ...
Insurers Win With Appeal Reversing Temporary Ban on Use of Credit Scoring
A judge in Washington ruled in favor of the insurance industry's argument against Washington Insurance Commissioner Mike Kreidler's emergency rule temporarily banning use of credit scoring. ...
15 Startups Join InsurTech NY’s Second Growth-Stage Accelerator Program
Fifteen startups have been chosen to participate in InsurTech NY's second growth-stage InsurTech accelerator cohort. The program is designed to provide startups resources that help to find talent, ...
USAA Boosts Minimum Pay, Will Hire 2,600 People by Year’s-End
USAA aims to fill 2,600 new and existing positions by the end of 2021 and will also drastically increase minimum pay as an added recruiting incentive, the company disclosed on Oct. 11. The P/C ...
Allstate Will Sell Its Chicago-Area HQ in Embrace of Hybrid Work Routines
Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry's firmest endorsement yet of the desire to offer hybrid work after the pandemic. With many employees choosing ...