Industry News
UK Financial Sector Proposes ‘Ambitious’ Post-Brexit Trade Pact
The UK's financial sector is seeking an "ambitious" trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves ...
Harvey on Track to Become Hurricane in Texas; State Farm, Allstate, Farmers Face Exposures
Tropical Storm Harvey, which has shut oil and natural gas platforms and triggered a rally in cotton prices, is on track to develop into a major hurricane as it approaches the Texas coast late Friday. ...
Fairfax Financial Will Sell Singapore Insurer to Mitsui Sumitomo for $1.6B
Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore's First Capital Insurance for $1.6 billion from Canada's Fairfax Financial Holdings, in the biggest takeover by a Japanese insurer in ...
New P/C Insurance Products Delayed by Old Policy Form Tech: Novarica
A reliance on manual processes and inadequate technology leaves property/casualty insurers with major delays in updating their coverage forms. A new industry report found that as a result, most ...
J&J Talc/Cancer Trial Verdict Opens New Front in Litigation
A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were ...
Telematics Startup Roost Raises $10.4M From Three International Insurance Companies
Roost, a developer of home telematics for property insurance carriers, raised $10.4 million from three international insurance industry companies. Aviva Ventures led the Series B financing; ...
The Latest Launches From XL Catlin, Great American, Marsh and Ironshore
XL Catlin beefed up its professional liability policy for U.S. design professionals with two new enhancements. Great American Insurance Group created a new division focused on the E&S space. ...
Trump’s FEMA Head Backs Reducing Federal Coverage of Flood Costs
President Donald Trump's emergency management director said he's pushing for an overhaul of disaster relief so that states, cities and homeowners bear more of the costs, and less of the risk falls on ...