News
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 ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
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 ...
Buffett’s Final Charity Lunch Draws Record $19M From Anonymous Bidder
The grand finale Power of One Charity Lunch with Warren Buffett drew a winning bid of $19,000,100 last week. The winner of the auction has chosen to remain anonymous. The record-breaking bid earned ...
Agent-Focused Home Insurer Openly Closes $75M Funding Round
Boston-based Openly, an InsurTech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly ...
Safety National Names New CEO, Reorganizes Management Structure
Safety National announced that Mark Wilhelm, formerly chairman and chief executive officer, has become executive chairman. He will be responsible for the management, development and effective ...