Industry News
The Latest Launches From SageSure, Falcon Risk Services, CerebrumX Lab
SageSure, a provider of catastrophe-exposed property insurance, and Goosehead, an independent personal lines insurance agency, announced the launch of a new reciprocal exchange, Elevate, to protect ...
RIMS Sends Letter to FIO in Support of Cyber Insurance Backstop
RIMS said it issued a comment letter to the Federal Insurance Office in response to legislative dialogue regarding a federal backstop for large-scale catastrophic cyber incidents impacting ...
Report: 90% of US Counties Hit with Disaster in Last Decade
Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published last Wednesday. Some endured as many as 12 federally declared ...
Root Reports $64M Q3 Net Loss
Root Inc. reported a third-quarter net loss of $64 million, down from a net loss of $133 million during the same quarter last year. Year-to-date losses sit at $230 million, which is down from $411 ...
Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company's ownership in Huatai Insurance Group Co. Ltd. from 47.3 ...
Lemonade Records Q3 Net Loss of $91.4M
InsurTech Lemonade booked a third-quarter net loss of $91.4 million compared with a net loss of $66.4 million during the same quarter last year, but in a letter to shareholders, the company said both ...
The Latest Launches from HUB, Coalition, RT Specialty
Hub International Limited, a global insurance brokerage and financial services firm, launched its Professional & Executive Risk Specialty Practice. The new practice brings together more than 100 ...
Lloyd’s Ian Claims More Than $2B
On Friday, Lloyd's announced that claims to the Lloyd's market arising from Hurricane Ian are estimated to be in the range of $2.3 billion to $3 billion. The estimate is based on third-quarter data ...