Industry News
InsurTech Betterview Pulls in $7.5M Financing Round From Guidewire, Others
InsurTech startup Betterview raised $7.5 million in new funding to fuel expansion of its AI technology that helps P/C carriers spot and manage property risk. Guidewire Software led the round, which ...
The Latest Launches From Neptune Flood and Cowbell Cyber
Neptune Flood is now offering commercial flood insurance in 48 states for small and mid-sized businesses. Cowbell Cyber formed a new partnership to help boost its cyber offerings. *** Neptune Flood ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Argo Settles SEC Investigation Into Executive Pay Practices
Argo Group will pay $900,000 to settle a U.S. Securities and Exchange Commission investigation into executive perks paid to former CEO Mark Watson III that raised the ire of an activist shareholder. ...
Self-Driving Cars May Not Prevent Many U.S. Crashes After All
Self-driving cars, long touted by developers as a way to eliminate road deaths, could likely only prevent a third of all U.S. road crashes, an analysis of traffic accidents released on Thursday has ...
The Latest Launches From Root Insurance and Marsh/AXA XL
Root Insurance added homeowners coverage to its platform. Marsh and AXA XL are debuting a new usage-based policy that lets businesses meet a surge in demand for the same-day delivery of their ...
Proposed Pandemic Re Corp. Would Treat Small, Large Biz Interruptions Differently
Another proposed public-private partnership reinsurance program is being talked about to cover pandemic-related business interruptions, the leader of a reinsurance association said on June 2. The ...
P/C CEOs and Their Companies Pledge a Renewed Fight for Social Equality
Property/casualty insurers and their CEOs are pledging to help their communities and employees find a meaningful way forward after the Memorial Day death of George Floyd in Minneapolis that sparked ...
A Possible No-Deal Brexit Places the UK’s Fragile Coronavirus Recovery at Risk
The threat of a no-deal Brexit is back — and with it the risk that the UK economy's shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into ...