News
SCOTUS Spurns Facebook’s Appeal in User Tracking Lawsuit
The U.S. Supreme Court on Monday turned away Facebook Inc's bid to pare back a $15 billion class action lawsuit accusing the company of illegally tracking the activities of internet users even when ...
Australia Set to Rescue Thousands From Sydney’s Worst Floods in 60 Years
Australia was set on Monday to evacuate thousands more people from suburbs in Sydney's west, battered by the worst flooding in 60 years, with torrential rains expected to continue for another day or ...
Global Warming Could Slash the Credit Ratings of 63 Countries: Study
A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ...
Betting On Founders: How VCs Spot InsurTech Unicorns of 2025
Carrier vs. MGA. U.S. vs EU. Specialty niche vs. traditional insurance lines. There are many things that distinguish one InsurTech from the next, including financial metrics like internal rates of ...
In Ratings Agency First, A.M. Best Joins UN Program for Sustainable Insurance
AM Best became a signatory of the United Nations Environment Programme's (UNEP) Principles for Sustainable Insurance (PSI). The insurance industry plays an important role in supporting sustainable ...
Why Chubb’s Bid for The Hartford Is a Personal Lines ‘Chess’ Move
While Chubb's $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg ...
COVID-19 Forces Cancellation of Monte Carlo Reinsurance Rendez-Vous for Second Year
Organizers of the reinsurance Rendez-Vous de Septembre (RVS) have decided to cancel this year's conference as a result of the ongoing COVID-19 pandemic, just as they did in 2020. "The pandemic is ...
Citizens’ CEO: Florida Market Is in Dire Straits
Florida's insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance ...