News
Barbados Issues 1st Pandemic-Protected Bond, Which Also Covers Natural Disasters
Barbados has issued the world's first government bond with a clause allowing payments to be suspended in the event of another global pandemic — a move expected to attract interest from dozens of ...
Trump Defrauded Insurers, New York AG’s Lawsuit Says
Donald Trump and the Trump Organization used false and misleading statements of financial condition to obtain favorable real estate loans and insurance coverage over the last decade, according to a ...
Congress Examines Insurer Diversity; Results ‘Disappointing,’ Lawmakers Say
The insurance industry still has a lot of work to do when it comes to diversity, equity and inclusion. In fact, despite a strong DEI push across the industry, there was little change in racial, ...
Executives on the Move at Allstate, USAA, AGCS, Gallagher Re
Allstate has hired the chief technology officer of CVS Health, Zulfi Jeevanjee, into the newly created role of executive vice president and chief information officer. He will be responsible for all ...
The Latest Launches From NEXT, Celent, Safeco, HOVER and Trellis
Recent product launches in the property/casualty insurance world include embedded insurance offerings from NEXT and Trellis matching customers of non-insurance companies with insurers, a tool to ...
Report: While Hackers Eye Small Businesses, Ransomware Attacks Decline
A new cyber trends mid-year report released by cyber insurer Coalition suggests that while small businesses continue to be targeted, overall incidents are down and ransomware attacks are declining as ...
Rising Auto Rates Affecting ‘Bundle’ Strategy: J.D. Power
Bundling home and auto insurance may have hit a roadblock as consumers have started to break up policies largely due to increases in auto insurance premiums, according to J.D. Power. Overall ...
Pie Insurance Raises $315M in Largest U.S. InsurTech Financing Round of 2022
Pie Insurance, an InsurTech specializing in workers compensation insurance for small businesses, said it raised a $315 million Series D round of funding — the largest round of financing for any ...