Industry News
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keep pouring in. The catastrophe risk modeling firm ...
The Latest Launches from Coalition, CFC, Chubb
Coalition, an active insurance provider, announced the expansion of its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company's increased capacity ...
Post-Brexit Insurance Reform Expected Before December: BoE’s Woods
The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a ...
CSAA Invests $25M in California Wildfire Innovation Fund
CSAA Insurance Group made a $25 million commitment to the California Wildfire Innovation Fund, a climate-solutions strategy to help reduce the severity and frequency of ...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of InsurTech Lemonade say they're slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. "So long as these mismatched ...
Shipping Industry Grapples With Ways to Cut Cargo Fires at Sea
Global shipping companies are exploring ways to boost safety in transporting cargo as risks grow from fires erupting inside containers or in cars at sea, officials said ...
U.S. Supreme Court Torn Over Challenge to Internet Firms’ Legal Shield
U.S. Supreme Court justices on Tuesday expressed uncertainty over whether to narrow a legal shield protecting Internet companies from a wide array of lawsuits in a major ...
Working Together to Mitigate Natural Catastrophe Risk: AM Best Webinar
Climate change is contributing to increasingly intense natural catastrophes that leave larger and larger losses in their wake. What steps can the insurance industry take ...
Root Granted Restraining Order Against Former CMO it Says Stole About $10M
A U.S. district judge has granted a motion for a temporary restraining order requested by Root Inc. against its former chief marketing officer to prevent him, his ...