Industry News
Cybersecurity Company SPHERE Receives $31M for Series B Funding
SPHERE Technology Solutions announced a $31 million series B investment led by Edison Partners, a Princeton, New Jersey-based growth equity firm, with participation from existing investor Forgepoint ...
Executives on the Move at Everspan, Liberty Mutual, Canopius
Everspan Group, a specialty property/casualty insurance platform owned by Ambac Financial Group, has appointed Steven K. Dresner as president. He succeeds Wyatt Blackburn, who has retired. Blackburn ...
Louisiana Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced ...
Fidelis Receives Regulatory Nod to Create New MGU, Split Business
Fidelis Insurance Holdings Ltd. announced it has received regulatory approval to create a new managing general underwriter (Fidelis MGU), which is separate from the existing balance sheet insurance ...
The Latest Launches From CNA Canada, Openly, Bdeo
CNA Canada launched Asset Managers Liability Solutions, backed by in-house claims professionals experienced in handling complex claims. The policy is available for new business quotes starting Dec. ...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM ...
Walmart Shooting Raises Need for Violence Prevention at Work
The mass shooting last Wednesday at a Walmart in Virginia was only the latest example of workplace violence perpetrated by an employee. But while many companies provide active shooter training, ...
Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art
Climate activists' attacks on some of the world's most precious paintings have added to insurers' worries about the threat to art from climate change itself — concerns seen as leading to higher art ...