Industry News
Herald Raises $12M in Series A Funding Round
Herald, a digital infrastructure provider for commercial insurance, announced a $12 million Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation ...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh
Global commercial insurance rates fell 1 percent in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter ...
Georgia Legal System Abuse Focus of New Triple-I Awareness Campaign
To raise awareness of the impacts of legal system abuse to Georgia consumers, businesses and insurers, the Insurance Information Institute (Triple-I) launched a multi-faceted campaign that includes ...
Affordable Housing in Hawaii Threatened by Rising Insurance Prices
Lahilahi Heen has lived for decades in a three-bedroom house surrounded by a carefully groomed garden in the lush Hawaiian Shores subdivision in Lower Puna. It's also downslope from Hawaii's most ...
80% of New Yorkers Feel City Is Unprepared for Climate-Related Risks
A recent survey reveals that 80 percent of New York City residents feel their city is unprepared for climate-related risks.
Of the 500 ...
State Residual Markets See Policy Count Double in 5 Years: AM Best
State-sponsored residual property markets have seen an influx of risks come in since 2018, with some states growing by more than 200 percent. According to insurance industry ratings firm AM Best, the ...
ESG’s Appeal Fades in Emerging Markets as Profit Seeking Eclipses Virtue
Sustainable investments in emerging markets are facing a reckoning as environmental, social and governance strategies crumble under the weight of ongoing capital outflows and the appeal of ...
McKinsey to Pay at Least $500 Million in DOJ Opioid Probe
McKinsey & Co. is nearing a deal with U.S. prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar ...