Industry News
Severe Storms Have Already Led to $34B in Insured Losses This Year
Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss ...
Flexible Work Will Survive Despite Gloomy Signals From WeWork and Zoom
WeWork Inc.'s future is in doubt. And Zoom Video Communications Inc., the pandemic poster child of remote work, just told its employees to get back to the office. The ...
Tech Bytes: New Partnerships at FloodFlash, Ascend, Applied Surety Underwriters
FloodFlash, an InsurTech offering sensor-enabled parametric flood insurance, announced a partnership with Hiscox. Hiscox is already an active participant in the U.S. flood insurance market, and as a ...
Resilience Raises $100M Series D Round Led by Intact Ventures
Resilience announced a $100 million equity financing round to accelerate its global expansion and scale the adoption of its holistic cyber risk platform, the Resilience Solution, which launched ...
Biden’s Carbon Proposal Is Unworkable, Power Sector Warns
Power plant owners in the U.S. warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, ...
Tainted Medication Fears Spur Defense Department to Seek Outside Testing
The U.S. Department of Defense entered an agreement with Valisure, an independent lab that's spotted dangerous chemicals in a variety of widely used pharma and consumer ...
Business Owners Seek Tailored, Increased Insurance Coverage
A new survey highlights business owners' needs when it comes to insurance coverage. Gallagher, a global insurance brokerage, risk management and consulting services company, commissioned a survey of ...
Catastrophe Bond Funds Rank in Top 10 of 2023’s Best Performing Credit Funds
Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been ...