News
2023 on Track to Become Hottest Year on Record
This year is on track to become the hottest since at least 1940, the European Union's Copernicus Climate Change Service said on Thursday. Scientists have said climate change, combined with this ...
Supreme Court Considers Who Can Sue Hotels Over Disability Access
A few years back, Joseph Stramondo was a last-minute replacement as a conference speaker in Salt Lake City. He went online and made a reservation for a room accessible for people with disabilities. ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
California’s Next Steps: Picking the Right Cat Models and Staffing Up
Is $11 million too much to pay for a public catastrophe model? Does the California Department of Insurance have to hire a new contingent of specialists to understand private models, if those are ...
Digital Drone Insurers Flying Together: SkyWatch Acquires DroneInsurance.com Assets
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance.com from REIN yesterday. Financial terms of the deal ...
Commercial Auto Insurers Face Bleak Profit Outlook
Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. "The liability component has been more ...
FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage
Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance ...
Hawaii Electric’s Insurance is Fraction of Potential Fire Claims
Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage it holds in the face of potentially billions of dollars in damage claims. ...
Despite Roadblocks, Businesses Continue Innovation Plans
U.S. business executives forge ahead with tech investments, despite poor economy, talent shortage and financial pitfalls, a new FIS Global Innovation Report found. The report, which sought to ...