News
Catastrophes Dipped in 2017 But Caused More Economic Damage: Swiss Re Sigma
Though there were fewer catastrophes globally in 2017 than the previous year, they caused significantly more damage, and the year's historic hurricane season is largely to blame, according to the ...
Trade Credit Insurance Gains a Fresh Look in Wake of Trump Tariffs
Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array ...
Files Seized From VW Law Firm Can Be Used in Investigation: Court Ruling
Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany's top court ruling on Friday that files seized from a U.S. ...
Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market
Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country's most common natural disaster, said Katy Sivyer, underwriter for North America ...
Allianz Board Member: Financial Market Volatility Will Harm Insurer’s Fund Business
Recent volatility in financial markets will curb inflows this year into Allianz's asset management business, which includes U.S. bond giant Pimco, a board member told Reuters. In 2017, Allianz reeled ...
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans ...
Trōv Expands Into U.S., Launches in Arizona With On-Demand Single Item Insurance
Trōv, a global on-demand insurance tech company, has expanded into the United States, starting with insurance for single items in the state of Arizona. Munich Re's Digital Partners provides ...
Oil CEOs Pursue Argument Against Being Sued Over Climate Change
Leaders of the world's largest oil companies want everyone to know it won't do anyone any good to make them pay for the damages of climate change. Executives have been making the argument after a ...