Industry News
Five More Years: Zaffino To Lead AIG Through 2027
On Friday, American International Group, Inc. announced that AIG and Peter Zaffino, president, chief executive officer and chair of the board, entered into an agreement securing Zaffino's employment ...
Zurich Expects $550M Hit From Hurricane Ian; Profit Targets on Track
Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe's fifth-largest insurer said on Thursday, though it remains on track to beat its ...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian
On Friday, the Federal Emergency Management Agency announced an initial estimate of Hurricane Ian losses for the National Flood Insurance Program, putting them in the range of $3.5-$5.3 billion, ...
SEC Cyber, Climate Disclosure Rules May Drive Up D&O Claims
New rules proposed by the U.S. Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors and officers ...
Tesla Raises Insurance Incentives in China to Boost Purchases
Tesla Inc. said it has raised insurance incentives for car orders in China placed before Nov. 30, but reduced them for orders made next month, a move to urge consumers to place orders earlier. The ...
Digital Insurance Agency Glow Raises $22.5M in Series A Financing
Glow, a digital insurance agency for small businesses, closed a $22.5 million round of series A financing led by Cota Capital. AV8 Ventures, Markd, Startup Venture Capital, Maiden Re, and others also ...
Many Cyber Criminals Return After Ransomware Payments Are Made
Over a third (36 percent) of companies that paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from ...
New York Proposes Changes to Financial Services Cybersecurity Regulation
More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services ...
Hourly.io, Great American Insurance Announce MGA Collaboration
Hourly.io, a workers comp and payroll startup, announced today that it is expanding its reach through a collaboration with Great American Insurance Group.