Specialty
Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion
FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves ...
Insured Losses From Germany’s Flooding Could Reach $6B: AIR Worldwide
AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system "Bernd" parked itself ...
Chubb Celebrates ‘Robust’ Q2 Financial Results; Commercial Lines Premium Gains Soar
Chubb released extremely positive Q2 results on July 27, driven in particular by strong gains in its commercial property/casualty business and related rate hikes in the sector. The company used words ...
Cyber MGU At-Bay Attracts $185M in New Financing, With Push Into New Markets Planned
At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development and expansion into new markets. Continued hiring is also planned. ...
Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh
Global commercial insurance prices rose 15 percent in the 2021 second quarter, continuing a stunning track record of increases but far from their peak at the end of 2020, according to a new Marsh ...
PartnerRe Q2 Results Display Positive Income, Rate and Investment Gains
PartnerRe saw a strong jump in net income during the 2021 second quarter, backed by strong rate increases and reduced impact from the COVID-19 economic downturn. The Bermuda-based reinsurer booked ...
Scientists Must Update Extreme Weather Climate Models After Missing the Mark
As scientists gather online to finalize a long-awaited update on global climate research, recent extreme weather events across the globe highlight the need for more research on how it will play out, ...
COVID-19 Did Not Delay Workers Comp Med Treatments But Some Care Avoided: WCRI Study
COVID-19 did not delay medical treatment for workers' compensation claimants, but did decrease the amount of emergency care and other services provided to injured workers, a study released Thursday ...