Industry News
Financial Services Firms Face Losses of $225B From Variety of Water Risks
Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental ...
Executives on the Move at Pie, Hamilton, A.I.M.
InsurTech Pie Insurance has appointed new senior leadership team members: David Samuels has been named chief commercial officer. He joins Pie after nearly a decade at SAP/Concur, where he most ...
Tesla, Echoing Musk, Says ESG Metrics Are ‘Fundamentally Flawed’
Tesla Inc., whose Chief Executive Officer Elon Musk has criticized ESG for making little sense, said current ways of measuring environmental, social and governance issues are "fundamentally flawed." ...
Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA
A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners insurance policyholders reveals a majority of homeowners have not taken important steps to ensure ...
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
Rate increases in Allstate's auto insurance business are in integral part of the insurer's overall plan to address the impact of inflation. Wednesday during a conference call with analysts to discuss ...
CM’s InsurTech Summit Addresses Risks, Opportunities From Industry Disrupters
It's no question that recent catastrophic events—a global pandemic, extreme weather and cyber attacks, for example—have had an impact on the insurance industry. With all of this disruption comes ...
The Latest Launches from Draftrs, Hippo, Main Street America Insurance
Draftrs, an insurtech company aiming to modernize small business professional liability insurance, announced the launch of a new digital insurance platform that enables instant underwriting and ...
DOJ Antitrust Chief Warns S&P Global Over Insurer Ratings Tweak
The Justice Department's antitrust division said in a letter dated last Friday that a proposed methodology change by S&P -- the world's largest credit ratings company -- could raise barriers for ...