Industry News
How Inflation Is Driving Up Loss Costs for Auto, Home Insurers
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5 percent inflation rate announced last week. Perhaps that ...
More Airlines Avoiding Ukraine Airspace Amid Insurance Issues
More airlines are likely to avoid Ukraine's airspace amid insurance issues and a decision by leading European carriers to stop overflights after a U.S. warning that Russia could invade at any time, a ...
Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court
Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered by a federal judge to disclose how many renters it accuses every year. ...
The Latest Launches From FastTrack, American Claims Management, Policygenius
FastTrack, a provider of automated risk management services tailor made for life and disability insurance claims operations, announced its new product offering to assist life and disability carriers ...
SpaceX Satellites Falling Out of Orbit After Being Hit by Solar Storm
SpaceX's newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40 of the 49 small satellites launched last week have either re-entered the atmosphere and ...
Executives on the Move at AmTrust, Great American, Markel, Fairfax
Global specialty insurer AmTrust Financial Services Inc. has announced the formation of a new leadership team for its Excess & Surplus division, promoting and expanding the roles of five ...
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 ...