Industry News
Liberty Mutual Considers $1 Billion Latin America Sale
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer's divestment plans from non-core markets, according to people with knowledge of the matter. ...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
According to Allianz's Risk Barometer 2023, cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. At the same time, macroeconomic developments ...
Louisiana Lawmakers Considering Special Session to Address Insurance Crisis
As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the ...
AM Best Downgrades California Earthquake Authority Credit Ratings
AM Best downgraded the Financial Strength Rating of California Earthquake Authority to "B++" (Good) from "A-" (Excellent) and the Long-Term Issuer Credit Rating to "bbb+" (Good) from "a-" ...
InsurTech FloodFlash Officially Launches in U.S.
Parametric flood insurer FloodFlash announced that it has entered the U.S., aiming to augment the market by using its parametric technology to make flood insurance available to businesses that can't ...
Tech Bytes: New Partnerships at Brownyard Group, Trium Cyber, Munich Re
Brownyard Group, a program administrator providing specialized insurance coverage for select industries, announced a partnership with Hudson Insurance Group. Hudson will work with the Brownyard Group ...
Skyward Specialty Finds 2023 Is Right for IPO
Houston, Texas-based Skyward Specialty on Friday became the first U.S. company to launch an initial public offering in the 2023 calendar year, a move that CEO Andrew Robinson said will provide ...
Appeals Court Rules Insurers Not Obligated to Defend Distributor of Opioids
Westfield National Insurance Co. and Motorists Mutual Insurance Co. are not required by their insurance contracts to defend generic drug distributor Quest Pharmaceuticals against dozens of ...