News
FEMA Report: Flood Insurance Hikes Will Drive 1 Million From Market
When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even ...
A Separate Place: Fidelis Launching $3B MGU
Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from the existing balance sheet ...
Openly Announces Launch of Licensed Homeowners Insurance Carrier
Openly, a premium homeowners insurance platform that formerly operated solely as a managing general agency, announced the launch of the Openly Insurance Company, an insurance carrier based in South ...
Executives on the Move at Verisk, Liberty Mutual GRS, Vesttoo
Verisk has named Elizabeth Mann as executive vice president and chief financial officer, effective Sept. 15, 2022. She will lead Verisk's global finance organization, including accounting and ...
Travelers CEO on Signs of Recession: ‘Not Yet’
With inflationary effects still hitting the books of property/casualty insurers, including Travelers, analysts are worrying about the next macroeconomic shoe to drop—a recession. But the leader of ...
InsurTech Funding Levels Hold Steady in Q2 vs. Q1: CB Insights
Funding for the InsurTech sector held steady in the second-quarter of 2022, coming in at roughly $2.4 billion, the same as the overall funding figure recorded for first-quarter 2022, according to ...
Older and Younger Executives Disagree About Remote Work Arrangements
Bosses and workers rarely agree on what matters when it comes to the future of work. But there's division even within the C-suite, particularly regarding the disparate treatment remote and in-office ...
Cybersecurity Firm BitSight Warns of Vulnerabilities in Chinese-Made GPS Tracker
A popular Chinese-made automotive GPS tracker used in 169 countries has severe software vulnerabilities, posing a potential danger to highway safety, national security and supply chains, ...