Industry News
InsurTech Kin Insurance Raises $47M to Launch Florida Home Insurance Carrier
Kin Insurance, an InsurTech startup focused on home insurance in catastrophe-prone regions, said it has raised $47 million in new venture financing to fuel expansion and a revamped business model. ...
U.S. Cyber Agency: Reducing Chinese Tech Risks Is a Top Priority
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency's top operational priority is reducing the risks ...
Tropical Storm Dorian Could Reach Hurricane Strength Before Reaching Puerto Rico
Tropical Storm Dorian is expected to strengthen, potentially approaching hurricane status by the time it gets to Puerto Rico Wednesday, but it won't pack the same punch as other storms in recent ...
Hamilton CEO Albo: Focus Is on Realizing Potential of Pembroke/Ironshore Europe DAC Acquisitions
A week after Hamilton Insurance Group closed its acquisition of Liberty Mutual's Pembroke Management Agency at Lloyd's and its Ironshore Europe DAC business, the Bermuda-based specialty insurer and ...
Liberty Mutual Focuses on Developing Next-Gen WC Claims Management System
Liberty Mutual said it is developing a next-generation workers compensation claims management system in order to help maintain and boost its market share. "We're building a system that will help us ...
J&J Ordered to Pay Lower-Than-Expected $572M in Oklahoma Opioid Verdict
An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing painkillers, and ordered the drugmaker to pay damages of $572 ...
Tropical Storm Dorian Is Gaining Strength as Second System Starts Forming
Tropical Storm Dorian is gaining strength as it lumbers toward the Caribbean island of Barbados, potentially approaching hurricane strength by Tuesday. A second system is forming in the waters off ...
Analysts Curious About AIG 200 Transformation Initiative; Details Wanted
Less than two years after Brian Duperreault took the helm at American International Group, his first big accomplishment has become clear: The carrier's P/C business is on track to produce an ...