Industry News
Marijuana Waxes as Opioids Wane in Workers Comp
Workers compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new ...
The P/C Insurance Market’s Top Market Conduct Issues
The U.S. insurance industry's top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as ...
G7 Advisors Urge Overhaul of Risk Management for Global Economy
The governance of the world economy needs to be overhauled to ensure it can withstand future health and economic shocks, as well as challenges posed by climate change and the rise of China, advisors ...
UK Commercial Fleet Insurance MGA Humn Raises $13.7 Million
Humn, a UK-based InsurTech MGA focused on data-driven commercial fleet insurance, has raised $13.7 million in new financing. The money will fuel, in part, further development of its technology and a ...
To Some InsurTech Insiders, Chubb CEO Greenberg’s ‘Hype’ Label Misses Their Larger Purpose
Chubb CEO Evan Greenberg's recent comments poo-pooing InsurTechs' boasts of their powers of disruption and transformation drew polite and measured response from startup investors, advocates and ...
Hidden Cyber Risk for U.S. Property Insurance Could Trigger $12.5B in Losses
Hidden cyber risk in the U.S. property insurance market could trigger $12.5 billion in losses, according to a new industry report. What's more, this 1-in-100-year loss could harm AM Best's Capital ...
Munich Re’s Venture Arm Raises $500M for New Fund Focused on InsurTech, Cybersecurity, Other Sectors
Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on InsurTech and cybersecurity. The new financing arm, ...
Tiptree Secures $200M Warburg Pincus Investment for Fortegra Specialty Insurer Subsidiary
New York-based holding company Tiptree said it has secured a $200 million strategic investment from Warburg Pincus for The Fortegra Group, its specialty insurer subsidiary. Plans call for using the ...