Industry News
Global InsurTech Investment Down 50% in Q2: Gallagher Re
Global investment in insurance technology firms totaled $2.41 billion in the second quarter, down 50 percent from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher ...
America First Insurance Group Launches for Conservative Customers
Earlier this week after over a year in development, insurance agency America First Insurance Group was launched, claiming it is the country's first conservative insurance group. "We felt the ...
Gallagher Sues Alliant Again for Alleged ‘Corporate Raid’ of Employees
Broker Arthur J. Gallagher filed another poaching lawsuit against Alliant Insurance Services, alleging Alliant is "presently engaged in a corporate raid of Gallagher's Chicago office." According to ...
Floods, Storms Drive Global Insured Catastrophe Losses of $38B in H1 2022: Swiss Re
A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number of thunderstorms in the U.S. and Europe resulted in $35 billion in insured losses from ...
Hartford, CNA Post Drops in Q2 Net Income
Second-quarter earnings at The Hartford fell to $437 million — about 51 percent less than the same period a year ago. The Hartford said it booked a $485 before-tax change from net realized gains to ...
Congress Wants Answers on a ‘Significant’ Cyber Attack on Courts
Three hostile foreign actors breached the federal courts document management system via "an incredibly significant and sophisticated" cyber attack more than 18 months ago, the chairman of the House ...
Tech Bytes: New Partnerships at First Street Foundation, IMG, Ascend
Science and technology non-profit First Street Foundation and Compass Inc. announced a partnership to integrate Risk Factor, a provider of property specific, climate risk intelligence, into Compass ...
M&A Deals: Lemonade Sells Metromile’s EBS Platform to EIS; Liberty Mutual Acquires AmGeneral
Lemonade has sold Metromile's Enterprise Business Solutions (EBS) to digital insurance platform EIS. EBS was Metromile's SaaS claims automation and fraud detection platform that it licensed to large ...