Industry News
United Nations Development Arm Starts Disaster Insurance Program
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural ...
Corvus Hires AIG, InsurTech Vet Tadikonda as Its First President
A veteran AIG executive and entrepreneur is joining Corvus Insurance as its first president. Madhu Tadikonda has more than a decade of insurance and InsurTech industry experience, noted Corvus, an ...
Cyber Insurer Coalition Raises $205M; Push Into Public Markets Among Future Plans
Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy ...
InsurTech NY Debuts Index Scoring Carrier Willingness to Partner With Startups
InsurTech NY is debuting an index that scores insurance and reinsurance companies on their willingness and ability to partner with industry-related tech startups. The organization, which bills itself ...
In a Legal Test Case, U.S. Court Upholds Hospital Employee COVID-19 Vaccine Rule
A federal judge on Friday ruled that a Cincinnati, Ohio-area healthcare provider could require its employees get vaccinated against COVID-19 or risk losing their job, in what appears to be the first ...
CEO Viewpoint: Jewelry Insurance Is a Carrier Growth Opportunity
With losses from Hurricane Ida and its aftermath reaching $25-$30 billion, far too many homeowners don't realize they may not have insurance coverage for flooding. While tens of thousands of flood ...
U.S. Flood Insurance Market Slowly Transitioning to Private Carriers: AM Best
The country's flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government's program for those seeking coverage, according to a new AM ...
Fearing Evergrande Effects, China’s Lenders, Insurers Halt New Credit
As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent ...