InsurTech Slide Targets $2B-Plus Valuation in IPO
Insurance tech company Slide is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering, joining a lineup of insurance companies that have made ...
Industry News
Homeowners Suing USAA and AAA Insurers Over LA Wildfires
Some homeowners who lost their homes in the Los Angeles wildfires have filed lawsuits against three large insurers over claims payouts they say didn't cover their losses. The lawsuits were filed in ...
Upgrading Legacy Tech Can Be a Risk, But Inaction Is a Bigger One
While the insurance industry has historically been an early adopter of innovation, experts say a reliance on time-tested systems and methods now may be holding the industry back. "Insurance was a ...
As Schools Prepare to Pay Athletes, What Role Will Insurance Play?
As colleges and universities prepare to legally pay athletes for the first time in National Collegiate Athletic Association history, collegiate sports programs are exploring insurance policies ...
After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says
After eight years of losses, Florida's personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm ...
Above-Average Number of Storms Predicted for North Atlantic in 2025: Munich Re
Current climatic conditions suggest that there will be a slightly above-average number of storms in the North Atlantic during the 2025 hurricane season, according to Munich Re in its Hurricane ...
Rate Moderation Continues During June’s Property-Cat Renewals: Howden Re
Property-catastrophe reinsurance pricing saw continued moderation at the June 1 renewals with a selective return of capacity following historic pricing strength, according to Howden Re, the ...
Cotality: Over 33 Million Properties at Risk of Hurricanes, Creating ‘Liquidity Traps’
Cotality said it has identified more than 33.1 million residential properties from Texas to Maine with a combined reconstruction cost value of $11.7 trillion that are at least at moderate risk of ...
Industry Vets Bonneau and Bredahl Lead ‘Novel’ HoldCo.; Supports MGU Biz
The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as "an independent holding company that oversees carriers ...