Industry News
Insurer Scores Court Victory Over Green Energy Tax Credits
An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, striking down a $24 million tax ...
InsurTech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo
Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd's of London. The multi-year arrangement initially will bring $20 million in ...
EPA Survey Reveals 9.2 Million Lead Pipes Around U.S.
Some 9.2 million lead pipes carry water into homes across the U.S., with more in Florida than any other state, according to a new Environmental Protection Agency survey that will dictate how billions ...
Zurich Exits Insurance Climate Alliance, Days After Munich Re
Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days. The Swiss insurer ...
TikTok’s Chinese Ownership, Security Concerns Spark Bans Across Nations
The Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters this week. The move follows the ...
New Images From Inside Fukushima Nuclear Reactor Spark Safety Concerns
Images captured by a robotic probe inside one of the three melted reactors at Japan's wrecked Fukushima nuclear power plant showed exposed steel bars in the main supporting structure and parts of its ...
Is a Scooter a Vehicle? Appeals Court Says ‘Yes’ and State Farm Must Pay UM Claim
State Farm must pay an uninsured motorist claim for injuries caused by an electric motor scooter even though the scooter didn't match the definition of "motor vehicle" in Florida statutes, a panel of ...
Beat Capital Launches Specialist Energy Insurance Business
Beat Capital Partners, a long-duration venture-capital investor that specializes in the insurance industry, announced the launch of a specialist energy underwriter, Horace Agency Ltd. Led by industry ...