Industry News
The Good and the Bad at Lemonade: Latest Chronicles
In a blog item titled "We suck, sometimes," a co-founder of Lemonade, the insurer powered by behavioral economics and artificial intelligence, revealed a recent 1,000 percent growth spurt but ...
Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey
A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The ...
Sea-Level Rise Puts $117.5B at Risk From Chronic Flooding
Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for proof one can just ask Phil Renaud, executive director for the Risk ...
Maine Employers Not Required to Reimburse Employees for Medical Marijuana Use
The Maine Supreme Court has ruled that employers in the state are not required to reimburse employees for their use of medical marijuana under the Maine workers compensation system because federal ...
AmTrust Shareholders Approve Revised $2.95B Plan to Go Private
Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist ...
Industry Shocker: Reserves Still Adequate
Although analysts at Conning didn't actually use the word "shocked" in their latest report on the property/casualty industry's loss reserve position, the title of the report—and the image on the ...
German Insurer DFV Considers IPO in Bid to Disrupt Allianz & Co.
With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial ...
Chubb Insists No Insurance for Weinstein, Who Wants Jury to Settle Coverage Issues
Hollywood movie mogul Harvey Weinstein is asking that a jury decide whether his insurer must defend him against 14 lawsuits accusing him of sexually harassing and assaulting women over several ...