Industry News
Hartford InsurTech Hub Welcomes 2019 Startup Group
Hartford InsurTech Hub, backed by Startupbootcamp, has welcomed its 2019 cohort of startups to Hartford, Conn. The chosen startups cover a range of abilities, from property insurance claims to ...
Fintech/Renters Insurance Startup Jetty Raises $25 Million Series B Financing
Fintech startup Jetty raised $25 million in new financing, and will use the cash infusion to expand the use of its home rental technology and services. Jetty's products include renters insurance and ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Property Catastrophe Retrocession a Bright Spot in Jan. 1 Reinsurance Renewals: A.M. Best
The property catastrophe retrocession market was a bright spot in what was largely flat pricing for reinsurance at Jan. 1 2019 renewals, A.M. Best said in its latest Market Segment Report. According ...
EU Mulls Cyber Crimes Sanctions as China, Russia Activity Raises Concerns
The European Union is looking to get tough on cyber crimes. Technocrats representing the EU's 28 governments will meet in Brussels on Friday to discuss expanding the bloc's sanctions regime to punish ...
QBE North America Makes Community ‘Impact’ Investment, It’s First for 2019
QBE North America said it has made its first major community "impact" investment for 2019. The integrated specialist insurer said it has issued the contribution through its Premiums4Good program, ...
Zurich’s Life, P/C Biz Drive 24 Percent Jump in 2018 Net Income
Zurich Insurance's reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved ...
British PM May Gains Some Hope as Brexit Deadline Reaches Final Stretch
British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of ...
Insurer Pledges Student Loan Relief if Employees Give Up Vacation Days
Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new ...