Reinsurance
B3i’s Blockchain-Powered Insurance Network Gets Closer to Solving Some Industry Problems
The author Douglas Adams once said, "We are stuck with technology when what we really want is just stuff that works." Many of us can relate, especially with new technology such as distributed ledger ...
Arch: Dorian, Faxai Caused Up to $75M in Pre-Tax Cat Losses
Arch Capital Group Ltd. disclosed pre-tax catastrophe losses of between $65 million and $75 million for the 2019 third quarter. Damages caused by Hurricane Dorian and Typhoon Faxai are largely to ...
Spiritual and Emotional Capacity: 2 Qualities That Great Leaders Need
Spiritual and emotional capacity are two qualities that leaders might want to nurture in themselves and their teams. A recent posting with the Leadership Freak blog by the author Robert Glazer ...
Verisk Must Pay $125M to EagleView in Patent Infringement Verdict
A New Jersey recently ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The ...
UK’s Johnson Beats Back Scottish Push for Further Brexit Obligations
A Scottish judge refused to put further obligations on U.K. Prime Minister Boris Johnson, saying that his "unequivocal assurances" to seek an extension to the Brexit deadline were sufficient. "There ...
Next Insurance Pulls in $250M Financing from Partner Munich Re
InsurTech startup Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its ...
Liberty Mutual Closes Acquisition of 3 AmTrust Euro Subsidiaries
Liberty Mutual Insurance announced it has completed the acquisition of three European subsidiaries of AmTrust Financial Services: Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance ...
MGM Will Pay Nearly $800M to Vegas Mass Shooting Victims by Late 2020
MGM Resorts International agreed to pay as much as $800 million to settle most claims arising from the October 2017 mass shooting at one of its properties on the Las Vegas Strip. The company expects ...