Industry News
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
The hard market for cyber insurance, which is expected to continue for "some time," and a lack of capacity has made captive insurers an "attractive risk management option for corporations," said AM ...
New Layer of Federal Oversight for Climate Disclosures Not Needed: Triple-I
Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in ...
Buffett’s Final Charity Lunch Draws Record $19M From Anonymous Bidder
The grand finale Power of One Charity Lunch with Warren Buffett drew a winning bid of $19,000,100 last week. The winner of the auction has chosen to remain anonymous. The record-breaking bid earned ...
Agent-Focused Home Insurer Openly Closes $75M Funding Round
Boston-based Openly, an InsurTech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly ...
Safety National Names New CEO, Reorganizes Management Structure
Safety National announced that Mark Wilhelm, formerly chairman and chief executive officer, has become executive chairman. He will be responsible for the management, development and effective ...
‘Forever Chemicals’ Pose Risk Even at Very Low Levels: EPA
The Environmental Protection Agency is warning that two nonstick and stain-resistant compounds found in drinking water are more dangerous than previously thought — and pose health risks even at ...
The Latest Launches from FM Global, CSAA, Gigaforce
The online 2022 FM Global Resilience Index has been released and enhanced, now including 15 economic, risk quality, and supply chain measures that offer executives insights into the vulnerabilities ...Berkley One Launches in Four New States
Berkley One has expanded its personal insurance portfolio to Delaware, Montana, South Carolina and Wyoming, offering insurance for homes, condos and renters, automobiles, fine art and collectibles, ...