Industry News
InsurTech Drone Startup Betterview Raises $2M From Maiden Re, Others
Betterview, an InsurTech startup focused on capturing and analyzing data from drones, has raised just over $2 million in venture financing. Compound Venture Capital led the $2.05 million seed round. ...
State Auto Names Names New Leaders for Commercial, Personal Lines Divisions
State Auto Financial Corp. named new heads of its commercial and personal lines divisions as it continues efforts to improve its financial results. Kim Garland is the new senior vice president, ...
Hurricane Harvey Claims Process: State Farm Adjuster and One Texas Home
Craig Reeves had been in Rockport, Texas, barely 48 hours when he ducked into the gloomy threshold of the condominium, which was darkened by blinds pulled before Hurricane Harvey and filled with a ...
Irma Is Now a Category 5 Storm Threatening Florida and the Caribbean
Florida declared a state of emergency before a possible hurricane strike after Irma strengthened to become a Category 5 storm on its approach to the Caribbean. Irma's maximum winds rose as high as ...
The Latest Launches From Berkshire Hathaway Specialty Insurance and Verisk/PCS
Verisk Analytics business Property Claim Services is launching a global cyber industry loss index. A Division of Berkshire Hathaway Specialty Insurance will pair with another company to offer travel ...
Texas Insurers, Larger Carriers Can Handle Hurricane Harvey Pressures: A.M. Best
Texas insurers and larger carriers that do business in Texas will see some strains from Hurricane Harvey and the historic rains and flooding that followed. But A.M. Best expects them to withstand the ...
New Wells Fargo Disclosures May Jeopardize $142M Customer Class Action Settlement
Wells Fargo & Co.'s disclosure Thursday that employees may have opened significantly more unauthorized accounts than previously stated could jeopardize a $142 million class-action settlement with ...
Japan’s Sompo Holdings Will Sell Sompo Canopius to Centerbridge for $952M
Japan's Sompo Holdings Inc. announced it has agreed to sell Lloyd's re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the ...