Industry News
Progressive Says Technology Pulling Auto Safety in Opposite Directions
While automakers are making progress in including lifesaving automatic safety devices with their latest vehicles, advances in another kind of technology may be having the opposite effect on auto ...
Parametric InsurTech Startup FloodFlash Raises $15M for International Expansion
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based ...
Tech Bytes: New Partnerships at ClarionDoor, CLARA, Cruise
ClarionDoor, a Zywave company and provider of insurance product distribution services, announced a new partnership with Dark Matter Insurtech LLC, a provider of digital services for excess and ...
Hamilton Launches U.S. E&S Insurer
Hamilton Insurance Group has launched a U.S. excess and surplus lines insurer. The new company, Hamilton Select Insurance Inc., has received a financial strength rating of "A-" (Excellent) from A.M. ...
Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7B
Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the ...
10 Cyber Attacks in 2021 Cost $600M With 40,000 Businesses Put at Risk: TMHCCI Report
In just 10 cyber incidents last year, over $600 million in cash was stolen or taken as ransom, tens of millions of citizen records stolen, 40,000 businesses' IT operations put at risk, one billion ...
American Family Insurance Group Raising Minimum Pay to $23 Per Hour
American Family Insurance group announced it is raising its minimum hourly wage to $23 per hour—its second increase in two years. The wage increase, which will take effect in July, will result in ...
Tokio Marine Invests in Satellite Imaging Specialist ICEYE, Enters Nat-Cat Collaboration
ICEYE, the Helsinki-based synthetic aperture radar (SAR) data provider and specialist in natural catastrophe solutions, announced that Tokio Marine Holdings has made a strategic investment in the ...