Industry News
Small Biz Insurance Site CoverWallet Pulls In $7.8M in Funding, Adds Ermilio as President
Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. ...
W.R. Berkley Launches Cyber Unit Headed by Former Chubb Exec Vispoli
W. R. Berkley Corporation announced the formation of Berkley Cyber Risk Solutions on Thursday. Berkley Cyber Risk Solutions will offer specialty commercial insurance coverages on a worldwide basis to ...
No Plan for Job Cuts in Zurich’s $1.5B Cost-Cutting Moves
Zurich Insurance Group AG raised its target for cost cuts and dropped plans to eliminate jobs as Chief Executive Officer Mario Greco overhauls Switzerland's largest insurer. The shares rose. The new ...
New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide
Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand's South Island early this week, putting a range of $762 ...
‘Unicorn’ Startups in the Crosshairs; New Risks Possible for D&O Insurers
Underwriters of directors and officers (D&O) liability insurance should keep an eye on the increased scrutiny of "unicorn" technology firms by aggrieved shareholders and securities regulators, ...
How Will Rising Okla. Earthquake Risks Shake Up the Insurance Market?
The magnitude 5.0 earthquake that struck near the oil and gas storage hub of Cushing, Okla., on Nov. 6 put the nation on alert to the vulnerability of the country's oil reserves to the significant ...
With Brexit, UK Govt. Should ‘Refine Not Replace’ Solvency II: ABI
Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU's insurance regulation to make it more appropriate for the UK market and customers, ...
Hensarling Willing to Consider ‘Version 2.0’ of Dodd-Frank Overhaul
House Financial Services Committee Chairman Jeb Hensarling said he's willing to tweak his plan to overhaul the Dodd-Frank Act before reintroducing it to Congress early next year. The committee is ...