News
Reinstated: Actuarial Ratemaking Principles Are Back!
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them late last year ...
American National Group Reportedly Up for Possible Sale
U.S. insurer American National Group Inc is exploring options that could include a sale of the company, people familiar with the matter told Reuters on Tuesday. The news sent shares of American ...
Judge Orders Right-Wing Institute to Pay $2.4M to Man Hurt at Charlottesville Rally
A federal judge in Ohio has ordered a right-wing think tank led by white nationalist Richard Spencer to pay $2.4 million to an Ohio man severely injured during a white supremacist and neo-Nazi rally ...
Generali Invests in (Environmentally Friendly) Electric Scooter Startup
Italy's biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services, to help it expand in Italy, Spain and beyond. Ridemovi, which operates ...
Monitaur Raises Funding to Fuel Development of Machine Learning Assurance Tech
InsurTech startup Monitaur raised some crucial early-stage financing that will help expand hiring and its development of machine learning assurance technology. The oversubscribed $2.6 million funding ...
Investment Gains Fuel Liberty Mutual’s Q1 Income Results
Strong investment income gains helped Liberty Mutual more than doubled its first-quarter net income, largely countering more than $1 billion in catastrophe losses. Still, its consolidated combined ...
Broker Gallagher Reportedly Negotiating to Buy Aon, Willis Assets for $3B
Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for about $3 billion, according to people familiar with the ...
Finding a Way to Make Pandemics Insurable Again
When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new ...