Industry News
Overly Broad Exclusions and Double-Digit Rate Hikes Seen in 6/1 Re Renewals
Providing a preliminary analysis of June 1, 2020 reinsurance renewals in Florida, Guy Carpenter reported that COVID-19 accelerated the firming of the reinsurance market, with carriers facing a ...
Aclaimant, a Safety and Risk Management Software Startup, Raises $10M
The InsurTech Aclaimant secured $10 million in venture capital financing to help grow the reach of its workflow platform for safety and risk management. With cash in hand, the Chicago-based startup ...
Generali Reportedly Interested in Acquiring U.S. Asset Manager Brightsphere
Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal ...
CoreLogic Examines Unsolicited Acquisition Bid
Data and analytics firm CoreLogic disclosed it has received an unsolicited acquisition bid from an investment firm and hedge fund. Cannae Holdings and Senator Investment Group offered to acquire all ...
Most Work Injuries Keep Declining, With Vehicle Accidents a Notable Exception
While the frequency of workers compensation claims has continued a decades-long decline, the number of work injuries caused by motor vehicle accidents has continued a steady increase that began in ...
DC Sues 4 Oil Companies, Alleging They Misled Consumers on Climate Change
The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil Corp, BP Plc, Chevron Corp, and Royal Dutch Shell Plc for "systematically and intentionally ...
After 60 Years Going Solo, Triple-I Will Affiliate With The Institutes
The Insurance Information Institute plans to affiliate with The Institutes after 60 years as an independent organization. I.I.I.'s board of directors approved the plan earlier in June and The ...
COVID-19 Could Be Most Expensive Event Ever for Insurers, Reinsurers: Guy Carpenter
Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector's most expensive events, according to a report published by ...