Industry News
Survey: More Americans Demonstrate Willingness to Commit Insurance Fraud
A new survey reveals Americans' tolerance for insurance fraud — and the findings might be surprising. Americans aged 45 and younger show a high level of tolerance for insurance fraud. The ...
SageSure Secures $250M in Equity Financing from Amwins, Flexpoint
SageSure, an independent managing general underwriter focused on providing catastrophe-exposed property insurance, announced the close of a $250 million equity investment led by Amwins and Flexpoint ...
Tech Bytes: New Partnerships at Cowbell, Sapiens, Stillwater
Cowbell, a provider of cyber insurance for small and medium-sized enterprises, and Skyward Specialty Insurance Group Inc., a player in the specialty property/casualty market, announced a partnership ...
Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuit
A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may not be entitled to $80 million in insurance to cover ...
What to Know About the Wildfire Smoke Drifting Into the U.S.
Millions of Americans woke up to apocalyptic, orange skies Wednesday as thick smoke from wildfires in Canada moved across the U.S. Northeast, spawning air quality ...
Reduced Drought Severity Lessening Chances for Grim Wildfire Season
The U.S. experienced a below normal number of fires and acres burned this year, according to a national agency tasked with monitoring fire activity in the nation. Above-normal winter precipitation ...
Sources Say Hamilton Insurance Group Mulling Potential IPO, Sale
Hamilton Insurance Group is considering strategic options amid growing momentum for deals involving insurance and reinsurance companies, people familiar with the matter told Reuters. The ...
California, Other States Rattled by Insurance Carrier Withdrawals
Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new ...
Cycling Fatalities Reach 46-Year High
Cyclist fatalities reached a multi-decade high in 2021.
According to a recent report from the National Highway Traffic Safety ...