Industry News
Introducing CM Risk Alerts; Risks vs. Non-Risks
Even the most vigilant insurers and reinsurers scanning the risk landscape for potential future liability problems are likely to fall into some landmines. What insurance and organizational risks of ...
Lloyd’s Hopes Independent Survey Can Help Change Culture of Harassment
Lloyd's of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world's oldest insurance market. The ...
Scor CEO Calls for ‘Richter Scale’ for Cyber; Sees Costs Soon Topping Disasters
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a ...
G7 Nations Plan Simulated Cross-Border Cyber Attack on Finance Sector in June
Leading Western industrial powers will for the first time jointly simulate a major cross-border cybersecurity attack on the financial sector next month, French officials said on Friday. The exercise, ...
Risk Alerts: Mississippi Homeowner Premiums, Hacked Scooters, Seat-Back Cameras on Airplanes
Mississippi homeowners could see premiums rise up to 25 percent thanks to Hurricane Katrina-related subrogation litigation being brought by the Mississippi attorney general. Lime electric scooters in ...
Weather Network/Analytics Startup Eyes Global Growth With New $5.25M Financing Round
Understory – a weather network and analytics startup interested in insurance customers – has raised $5.25 million in new financings. Plans call for using the cash infusion to accelerate global ...
Carriers Over-Reliant on Federal Reinsurance Program Risk Ratings Downgrades: A.M. Best
A.M. Best warns that property/casualty insurers face the risk of rating downgrades if the U.S.-based federal terrorism reinsurance program isn't renewed by the end of 2020, and carriers are found to ...
InsurTech Investments Break Further Records in Q1
InsurTech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during ...