News
From Roof Building Codes to ‘Matching’ Limits, Some Changes Underway in Florida
Property insurance companies and roofers in Florida don't often see eye-to-eye. Insurers have frequently blamed unscrupulous contractors for jacking up claims, and roofing companies have sued ...
BrokerTech Ventures Announces 2022 Cohort Class for Accelerator
BrokerTech Ventures (BTV), the broker-led convening platform and accelerator program, has selected 12 InsurTech startups to take part in its accelerator curriculum for 2022: Ferro, Omaha, ...
March U.S. Tornado Activity Likely to Set Record
It appears there were more tornadoes across the U.S. this year in the month of March than ever before — possibly by a large margin. According to the National Oceanic and Atmospheric ...
$14M Jury Award for Protesters Comes as Other Cities Face Similar Policing Lawsuits
A federal jury's $14 million award to Denver protesters hit with pepper balls and a bag filled with lead during 2020 demonstrations over the police killing of George Floyd in Minneapolis could ...
Executives on the Move at Allianz, CFC, Lockton
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, has appointed Vanessa Maxwell as the new global head of Financial Lines. She joins from Berkshire ...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers' balance sheets, according to an AM Best report. ...
RenRe Launching Casualty, Specialty Venture for ILS Investors
With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 ...
U.S. Supply-Chain Pressures Soar to a Record, Index Shows
A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The ...