News
Fortellix Raises $14M to Automate Generation of Safety Data for Driverless Vehicles
An Israeli-based startup focused on automating the generation of safety verification data for autonomous vehicles has raised a $14 million Series A financing round. Fortellix raised the money from ...
Policygenius Enters P/C World With Auto and Home Options
New York-based online insurance marketplace Policygenius announced Tuesday that it is expanding from life and disability insurance to offer home and auto as well. Licensed nationwide, Policygenius ...
Hedge Fund Baupost Reported to Hold $1 Billion in PG&E Insurance Claims
Seth Klarman's Baupost Group has been the poster child of the hedge fund industry's ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns ...
Singapore’s Grab Makes Foray Into Insurance With Chubb as Provider: Opinion
After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional ...
Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis
Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011's annual market losses of $120 billion, according to Willis Re. However, the ...
NCIGF CEO Schmelzer to Chair Global Group
Roger H. Schmelzer, president of the National Conference of Insurance Guaranty Funds (NCIGF), has been selected to serve as chair of the International Forum of Insurance Guarantee Schemes (IFIGS). ...
Failure to Reduce Climate Change Is Among Top Global Risks: WEF
The risk that global efforts to tackle climate change will fail has risen despite concerns about powerful storms, floods, and droughts, a survey released by the World Economic Forum said on ...
Companies Fear Business Interruption and Cyber Attacks the Most: Allianz Risk Ranking
Business interruption and cyber incidents remain the top two business risks, but other challenges such as tariffs and Brexit are gaining ground, according to the 2019 Allianz Risk Barometer. ...