bolttech Secures Series B Investment From Tokio Marine, Other Shareholders

Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts

Litigation could cost the plastics industry and its insurers $20 billion in the U.S. over the next eight years, according to a report backed by the United Nations and an ...

Executives on the Move at Canopius, Cowbell, Hiscox

Canopius Group, a global specialty re/insurer, has hired Coleman V. Johnson as its chief underwriting officer U.S. and Bermuda.

Johnson ...

Four in Five of World’s Cities at Risk From Heat Waves, Floods, Droughts: Study

Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from environmental disclosure non-profit CDP ...

InsurTech NY Reveals Its 2022 Growth Stage Accelerator Cohort

InsurTech NY, the largest InsurTech community in North America, has announced its third growth-stage InsurTech accelerator cohort.

AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?

For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 ...

Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re

Coalition, the San Francisco-based cyber insurer and cybersecurity firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will ...

Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net

Many U.S. Drivers Treat Partially Automated Cars as Self-Driving: Study

Drivers using advanced driver assistance systems like Tesla Autopilot or General Motor Super Cruise often treat their vehicles as fully self-driving despite warnings, a ...

‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America

European reinsurers will miss their earnings targets in 2022 — for the sixth year in a row — which is pressuring the industry to raise rates and continue improving ...