News
China Triggers Another Anti-Graft Effort for Finance Sector
China's ruling Community Party turned its sights on the country's vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings. The ...
Tiptree Secures $200M Warburg Pincus Investment for Fortegra Specialty Insurer Subsidiary
New York-based holding company Tiptree said it has secured a $200 million strategic investment from Warburg Pincus for The Fortegra Group, its specialty insurer subsidiary. Plans call for using the ...
Insurers Win With Appeal Reversing Temporary Ban on Use of Credit Scoring
A judge in Washington ruled in favor of the insurance industry's argument against Washington Insurance Commissioner Mike Kreidler's emergency rule temporarily banning use of credit scoring. ...
15 Startups Join InsurTech NY’s Second Growth-Stage Accelerator Program
Fifteen startups have been chosen to participate in InsurTech NY's second growth-stage InsurTech accelerator cohort. The program is designed to provide startups resources that help to find talent, ...
USAA Boosts Minimum Pay, Will Hire 2,600 People by Year’s-End
USAA aims to fill 2,600 new and existing positions by the end of 2021 and will also drastically increase minimum pay as an added recruiting incentive, the company disclosed on Oct. 11. The P/C ...
Allstate Will Sell Its Chicago-Area HQ in Embrace of Hybrid Work Routines
Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry's firmest endorsement yet of the desire to offer hybrid work after the pandemic. With many employees choosing ...
Tokyo Struck by Strongest Earthquake Since 2011; Injuries Reported
A magnitude 5.9 earthquake struck near Tokyo late Thursday, rattling parts of the capital the most since the March 2011 disaster. Few train services remained disrupted the next morning, while some ...
Government Can and Should Help Reduce Cybersecurity Risks: ITC 2021 Highlights
It's no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official ...