Industry News
Bolttech Raises $180M to Supercharge Insurance Company Matchmaker Platform
Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York ...
Global Cyber Reinsurance Rates Skyrocketed 40 Percent for July Renewals: Willis Re
Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware ...
InsurTech Product News From Milliman, Tractable
Milliman unveiled a suite of flood InsurTech products that the consulting firm said it designed to ease market entry for private insurers, startups and MGAs. Separately, InsurTech unicorn Tractable ...
GIS 2021: The Next Big Cyber Target Is Insurers Themselves
As "the next digital pandemic," cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With "a lack of controls at [an] insurer, [you] could have ...
Praedicat, AIR Worldwide Announce Updates
In separate announcements, InsurTech Praedicat and Verisk's catastrophe modeling firm AIR Worldwide and unveiled changes to key products recently. Praedicat updated the litigation tracker in its ...
NHSTA Orders Crash Reports on Autonomous Vehicles, ADAS-Involved Accidents
The U.S. government's highway safety agency has ordered automakers to report any crashes involving fully autonomous vehicles or partially automated driver assist systems. The move Tuesday by the ...
Florida Governor Vetoes PIP Auto Insurance Bill
Florida Governor Ron DeSantis has vetoed a measure intended to replace auto insurance personal injury protection (PIP) coverage with bodily injury coverage limits and a requirement that insurers ...
How Pres. Biden’s Tax Plan Impacts Global Reinsurance, Fla. Homeowners
The bills for the Biden administration's multitrillion-dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan. A ...