News
Insurance M&A Drops Sharply Globally in 2023
Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a newly released report has found. M&A were down by 17 percent ...
Tech Bytes: New Partnerships at FloodFlash, Ascend, Applied Surety Underwriters
FloodFlash, an InsurTech offering sensor-enabled parametric flood insurance, announced a partnership with Hiscox. Hiscox is already an active participant in the U.S. flood insurance market, and as a ...
Mitchell: Repair Severity, Frequency Increasing for Electric Vehicles
A new report examining the differences in repair severity and frequency between electric vehicles (EV) and internal combustible engines (ICE), has found that while frequency and severity has ...
El Nino Likely to Prevail Through Winter
There is a more than 95 percent chance that El Niño conditions will prevail from December 2023 to February 2024, a U.S. government weather forecaster said on Thursday, exacerbating the risks of ...
Resilience Raises $100M Series D Round Led by Intact Ventures
Resilience announced a $100 million equity financing round to accelerate its global expansion and scale the adoption of its holistic cyber risk platform, the Resilience Solution, which launched ...
Biden’s Carbon Proposal Is Unworkable, Power Sector Warns
Power plant owners in the U.S. warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly ...
Tainted Medication Fears Spur Defense Department to Seek Outside Testing
The U.S. Department of Defense entered an agreement with Valisure, an independent lab that's spotted dangerous chemicals in a variety of widely used pharma and consumer products, to test medications ...
Business Owners Seek Tailored, Increased Insurance Coverage
A new survey highlights business owners' needs when it comes to insurance coverage. Gallagher, a global insurance brokerage, risk management and consulting services company, commissioned a survey of ...