Industry News
Munich Re Is Lead Investor in $16.5M Financing for Mnubo, an IoT/Artificial Intelligence Startup
Munich Re's HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things, data analytics and artificial intelligence startup seeking to expand internationally. Both companies ...
Catastrophe Modeler Praedicat Raises $6M With Plan to Reach Beyond Insurance Clients
Praedicat said it has completed a $6 million, early stage financing. The Los Angeles-based casualty catastrophe modeling company plans to use the money to accelerate development of products that ...
General Liability Underwriters Poised to Fill Drone Coverage Gap
With traditional aviation insurance policies unlikely to address all emerging risks from the rapid jump in drone use, general liability underwriters are poised to fill the gap, according to a new ...
Keeping Flood Insurance Above Water: Commentary
With the National Flood Insurance Program (NFIP) currently set to expire on Feb. 8, and many communities still recovering from this summer's hurricanes, it's no surprise that the 21st Century Flood ...
Blame Global Warming for Recent U.S. Cold Snap Surges
Because the world is getting warmer, it's getting colder, too. Crazy as that sounds, there's an explanation in the northernmost corner of the the planet, where temperatures are rising twice as fast ...
The Latest Launches From Starr Companies and Berkshire Hathaway’s GUARD Insurance
Starr Companies said it is debuting some new wrap-up coverage in Canada targeted to the construction industry. Berkshire Hathaway's GUARD Insurance Companies is now offering homeowners and personal ...
Expect More (Near) Record Cat Bond Momentum in 2018: Aon Securities
Aon Securities believes that the record catastrophe bond issuance reached in 2017 is not necessarily a one-time deal. The firm said it predicts issuance will follow a similar momentum in 2018. ...
VW Supervisory Board Seeks Inquiry Into German Automaker Diesel Fume Tests Involving Monkeys
Members of Volkswagen's supervisory board have called for an inquiry into tests in which monkeys were exposed to toxic diesel fumes, German media reported on Monday. The New York Times reported on ...