Industry News
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses
If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program, the NFIP rates would need to ...
AI-Driven Insurance Distribution Platform Wins $11 Million Financing Round
A startup centered around an AI-driven platform for insurance distribution secured $11 million in Series A financing. Zelros plans to use the money, in part to propel its North American expansion, ...
Chubb, AXA Among 15 Insurers Ceasing Business With Nord Stream 2 Pipeline to Avoid Sanctions
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration ...
Generali Unveils $4.3B Plan to Support COVID-Hit Euro Economies
Italy's top insurer Generali said on Wednesday it launched a 3.5 billion euro ($4.26 billion) investment plan over five years to support the recovery of European countries hit by COVID-19. The plan, ...
The Latest Launches From Chubb, Hippo and HSB
Chubb has launched a new cyber insurance brand. Hippo is partnering with ADT to offer access to smart home services. HSB has introduced new workplace violence coverage for small and midsize ...
Lloyd’s Survey Shows More Inclusive Culture, But Improvement Still Needed
Lloyd's has made notable progress in its push to become more inclusive, according to its 2020 culture survey, but it still has plenty of room for improvement—especially when it comes to the ...
Workers Comp and COVID: More Data on Evolving Claims
Workers compensation insurers aren't getting the large aggregate volumes of COVID-related claims projected during the early months of the pandemic, but different data sources give varying readouts on ...
BIG La. Case Against Lloyd’s For COVID BI Cover Rejected; Travelers Ohio Win
A New Orleans judge denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business income that was lost when it was required to close its dining room because of ...