Industry News
The Latest Launches From Insurity and Neptune Flood
Insurity, a provider of cloud-based software for carriers, brokers and MGAs, said it has expanded its system integrator partners. Neptune Flood formed a new partnership that will expand the reach of ...
Aviva Investors Might Ditch Holdings in Biggest Carbon Emitters Over Climate Inaction
Aviva Investors said on Monday it could ditch its stock and bond holdings in 30 of the world's biggest corporate emitters of carbon if their boards failed to take sufficient action over climate ...
India’s Insurers Poised to Attract Western Investment After Rule Changes
The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country's insurance industry, a move that could attract inflows from U.S. and European ...
AIG Pays $12 Million to Resolve NY Pension Transfer Probe
American International Group Inc. agreed on Monday to pay a $12 million civil fine to settle charges that it conducted life insurance business in New York without a license. The settlement is the ...
Metromile Attracts $50M Investment From Uber Vet as Reverse Merger Plans Finalize
Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded ...
P/C InsurTech Funding Reaches $4.7B Record In 2020 (Story In Charts)
After a slow start in 2020, InsurTech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of ...
The Latest Launches From Trov and National General
Insurance technology company Trov is partnering with a sustainable digital car rental platform. Allstate-owned National General Holdings Corp. expanded its private flood insurance product into a ...
Executives On The Move at AXIS Re and Coalition
AXIS Re appointed a new head of AXIS Re's Reinsurance Products division. Coalition has appointed five new production underwriters to help grow and serve the company's middle market ...