News
Digital Insurer Startup Wefox Seeks Funding at Over $5 Billion Value
Wefox, the German digital insurer, is in advanced discussions to raise fresh funding at a valuation of $5 billion to $6 billion, people with knowledge of the matter said. The Berlin-based InsurTech ...
Supreme Court Voids New York Gun Permit Law, Establishes Right to Carry Outside Home
The U.S. Supreme Court struck down a New York law that required people to show a special need to carry a handgun in public, ruling for the first time that the Second Amendment protects gun rights ...
What Factors Could Drive Northern Hemisphere Tropical Cyclone Risk This Season?
With June 1 heralding the official start of the 2022 North Atlantic hurricane season, Tropical Storm Alex already on the scoreboard and eight hurricane landfalls in the last two seasons, the question ...
Nuclear Industry Hopes to Expand Output With New Reactors
The U.S. nuclear industry is generating less electricity as reactors retire, but now plant operators are hoping to nearly double their output over the next three decades, according to the industry's ...
Afghanistan Quake Kills at Least 1,000
A powerful earthquake struck a rural, mountainous region of eastern Afghanistan early Wednesday, killing 1,000 people and injuring 1,500 more in one of the deadliest quakes in decades, the state-run ...
Executives on the Move at Omaha National, MAPFRE USA, Corvus
Omaha National Group has appointed Bryan Connolly as chief operating Officer. Connolly, who co-founded Omaha National in 2016, previously served as chief financial officer. Connolly has spent over ...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
The hard market for cyber insurance, which is expected to continue for "some time," and a lack of capacity has made captive insurers an "attractive risk management option for corporations," said AM ...
New Layer of Federal Oversight for Climate Disclosures Not Needed: Triple-I
Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in ...