News
Report: 90% of US Counties Hit with Disaster in Last Decade
Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published last Wednesday. Some endured as many as 12 federally declared ...
The Newest Fronts in Climate Change-Related Legal Battles
Climate change-related litigation has more than doubled in the past seven years globally, according to a June report by the London School of Economics, and is moving beyond traditionally polluting ...
FBI Director Says TikTok Poses National Security Concerns
The U.S. operations of Chinese-owned TikTok raise national security concerns, says FBI Director Chris Wray, flagging the risk that the Chinese government could harness the video-sharing app to ...
Root Reports $64M Q3 Net Loss
Root Inc. reported a third-quarter net loss of $64 million, down from a net loss of $133 million during the same quarter last year. Year-to-date losses sit at $230 million, which is down from $411 ...
Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company's ownership in Huatai Insurance Group Co. Ltd. from 47.3 ...
Lemonade Records Q3 Net Loss of $91.4M
InsurTech Lemonade booked a third-quarter net loss of $91.4 million compared with a net loss of $66.4 million during the same quarter last year, but in a letter to shareholders, the company said both ...
The Latest Launches from HUB, Coalition, RT Specialty
Hub International Limited, a global insurance brokerage and financial services firm, launched its Professional & Executive Risk Specialty Practice. The new practice brings together more than 100 ...
Lloyd’s Ian Claims More Than $2B
On Friday, Lloyd's announced that claims to the Lloyd's market arising from Hurricane Ian are estimated to be in the range of $2.3 billion to $3 billion. The estimate is based on third-quarter data ...