News
Wefox, German InsurTech for Agents, Raises $650M at Valuation of $3B
Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors in what it called a record-breaking round for a so-called InsurTech" company that valued the business at $3 ...
IoT Data Can Help Insurers Cover Existing and New Risks Alike: Geneva Association
Data from Internet of Things-related (IoT) devices is a potential boon to insurers, giving them new options for covering existing and new risks alike, according to a new report published by The ...
PG&E Must Fork Over $150M for Botched Blackouts and Recent Wildfires
Pacific Gas & Electric is getting hit with a nearly $150 million billion for neglect that caused Northern California wildfires during the past two years and mismanagement of blackouts designed to ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...
Hot Off the Press! CM’s Second-Quarter Magazine Available Now
Carrier Management published its second-quarter magazine on Tuesday, May 25, "Fairness in Insurance," in print and digital format. This edition shines a light on InsurTechs that have the concept of ...
COVID Took a Big Bite From Multiline Insurers’ Earnings But Profit Remained: S&P
The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit of $36 billion, according to a report published by S&P Global ...
Colonial Pipeline Attack Spurs Energy Company Quest for Cyber Insurance
U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan ...
Risk Alerts: Intellectual Property and Safety Risks for Cannabis Edibles
As more states have legalized recreational marijuana, the edibles market has seen a surge. But the choice by many manufacturers to market their products as candy look-alikes has opened the door for ...