News
Airbnb Beefing Up Guest Services With Satisfaction Guarantees, AirCover Protection
Airbnb Inc. on Wednesday revealed what it's calling its "biggest change in a decade." Beyond modifications to its user interface and nifty new bells and whistles, it's also addressing one of the ...
CoverGo Raises $15M Series A to Expand No-Code Insurance Platform
CoverGo, a global enterprise no-code SAAS insurance platform, secured $15 million in Series A funding led by California-based SemperVirens VC with participation from U.S. venture capital firms ...
Global Banks Flee the Monster SPAC Market They Helped Create
Just a few years after banks helped create a gargantuan market for blank-check companies, they're pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement ...
Claims Frequency Up for 2021, but Workers Comp Profitability ‘Unprecedented’
For the first time in more than a decade, workers compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year. But not to worry, the trend won't last, ...
Creaky U.S. Power Grid Threatens Progress on Renewables, EVs
After decades of struggle, the U.S. clean-energy business is booming, with soaring electric-car sales and fast growth in wind and solar power. That's raising hopes for the fight against climate ...
D&O Market Has Most Profitable Year Since 2014, but It May Be an Anomaly
The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014, but results have to be "viewed as a possible aberration rather than the start of a trend," ...
Sexism in Financial Services Has Gotten Worse, Says Aviva CEO Amanda Blanc
Aviva Plc Chief Executive Officer Amanda Blanc said that the sexism she encounters has worsened as she has risen through the ranks in finance. Blanc became the insurer's first female chief executive ...
Lloyd’s Annual Meeting to Go Virtual on Threat of Climate Protests
Commercial insurance market Lloyd's of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next week online rather than in person, due to the threat of ...