Specialty
Lloyd’s Urges Insurers to Invest in Natural Habitats to Fight Flood Risks
Natural coastal habitats such as mangroves, coral reefs and salt marshes protect communities more effectively against coastal storms than seawalls, and insurers should consider this when pricing ...
EXCLUSIVE: Hamilton Insurance Chief Strategy Officer Deutsch to Depart; Helped Build U.S., Lloyd’s Operations
Bob Deutsch, Hamilton Insurance Group's first-ever chief strategy officer, is leaving his position. Deutsch's planned departure after three years on the job is connected largely to several corporate ...
Notion, an Internet of Things Home Security Startup, Raises $10M
XL Catlin's venture capital arm is among firms helping to back a $10 million financing for Notion, an Internet of Things-related startup focused on a smart home sensor that enables lower-cost home ...
Brokers vs. Carriers: ‘A Classic Sign of a Soft Market’
Chief executive officers of property/casualty insurance brokers and P/C insurance carriers called each other out last week for engaging in activities they said were "classic signs of a soft market." ...
JLT Specialty USA Teams With Altumai to Develop IoT-Related Workers Comp Products
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group, is partnering with InsurTech startup Altumai to develop products aimed at reducing worker injuries in the food/agriculture industry. ...
Wage-Loss Workers Comp Benefits Fall Short: WCRI Study
Adequacy of income benefits is one of the long-standing concerns about the performance of workers compensation systems. However, there is little known about whether income benefits (also called ...
U.S. P/C Insurance Groups: House NFIP Reform Bill Would Harm Private Flood Market
The U.S. P/C industry's major trade associations say they oppose several provisions in draft legislation that would revamp the National Flood Insurance Program. Their big worry: that the revamp as it ...
Electric Grid Faces New Potential Cyber Attack Threat
Two cyber security companies said they have uncovered a sophisticated piece of malicious software capable of causing power outages by ordering industrial computers to shut down electricity ...