Industry News
N.D. Insurance Commissioner Named World’s Tallest Politician
North Dakota Insurance Commissioner Jon Godfread has been named World's Tallest Politician (male) by Guinness World Records. Godfread is 6 feet 10 inches (210.767 centimeters) tall as verified in ...
Argo Group Hit With Ratings Agency Black Marks Over Governance Controversy
Standard & Poor's hit Argo Group International Holdings Lt. with a negative ratings outlook, due to an SEC subpoena about executive compensation and the abrupt "retirement" of longtime CEO Mark ...
California Utility Offers $13.5B in Compensation for Wildfire Victims; Shares Surge
Bankrupt utility giant PG&E Corp. is trying to offer $13.5 billion in compensation to the victims of wildfires sparked by its power lines as part of a restructuring plan, according to people with ...
Weather-Tech Startup Understory Launches Auto Dealer Policy Formed Around On-the-Ground Data
Nick Pacifico has been working at his family's Cadillac dealership in Denver since 2003. He's never seen insurance costs this bad. "Getting coverage is nearly impossible," said Pacifico, vice ...
Zego Becomes First UK InsurTech to Win Its Own Insurance License
Zego has become the first U.K. InsurTech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing ...
Neptune Flood’s Albert: InsurTech Enables Cheaper and More Efficient Flood Coverage
While few carriers are in the flood insurance market, Neptune Flood Insurance sees opportunity. Most of the market is covered by the National Flood Insurance Program, but founder and CEO Jim Albert ...
Insurance Distribution Platform Cover Genius Plans Expansion With $10M Financing
Cover Genius, an InsurTech centered around an insurance distribution platform, has raised $10 million in new financing designed to fuel hiring and further global growth. King River Capital, a Sydney ...
FEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021
The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases rates on a more accurate assessment of the real flood threat for each ...