Industry News
Nationwide, Swiss Re Among Carriers Participating in Upcoming NYC InsurTech Accelerator Program
An accelerator for growth-stage InsurTech startups is launching in New York City this fall. Several carriers and brokers will be participating, including Nationwide, Swiss Re and more. InsurTech NY ...
COVID-19 Kicks Public Company D&O Rate Hikes Into Overdrive
Rate-hike pressures were already robust for directors & officers liability insurance, but COVID-19 has kicked that into overdrive, according to a new Marsh report. "Although the current market ...
High-End Home Insurance MGA Openly Raises $15M; Expansion Planned
Openly, an InsurTech managing general agency focused on high-end home insurance, has raised $15 million in new funding. Plans call for using the cash infusion to expand the fledgling startup into a ...
15 U.S. Minor League Baseball Teams Sue Insurers for Pandemic Business Losses
Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses after the cancellation of "much or all" of the league's season as ...
The Latest Launches From AXA XL and Hiscox
AXA XL added a new benefit to its North American construction insurance to help general contractors make informed decisions about COVID-19. Hiscox partnered with an InsurTech to give short-term ...
Immuta Raises $40M to Expand Reach of Automated Data Protection Tech
Immuta, a company whose technology automates the process of controlling, protecting and managing data, has raised $40 million in new venture capital financing. Plans call for using the money to fuel ...
Citing COVID-19 Concerns, APCIA Will Move 2020 Annual Meeting Online
The American Property Casualty Insurance Association plans to move its 2020 annual meeting online because of continued safety concerns about the ongoing coronavirus pandemic. APCIA President and CEO ...
Executives On The Move at Erie Insurance, BHSI and Aon
Erie Insurance appointed a new chief investment officer. Berkshire Hathaway Specialty Insurance designated a new head of Claims in Germany. Aon promoted a veteran executive to the position of ...