News
The Zebra Raises $150M to Expand Online Insurance Comparison Operations
Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. "This investment is going to be used to grow our team and build our ...
As La Nina Fades, U.S. Gulf Coast Still Faces Robust Hurricane Risks
La Nina, the cooling of the equatorial Pacific that shifts weather patterns the world over, is fading away. But California may still be prone to dryness, and the U.S. Gulf Coast faces the risk of ...
U.S. P/C Insurers Produced 2020 Underwriting Profit Despite COVID-19 Challenges
Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty insurers saw a statutory underwriting profit for the third consecutive year, with an ...
Chinese Online Insurance Tech Firm Facing Domestic Pushback Over Planned IPO
Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people ...
Aon Offers Concessions to Win EU Antitrust Approval for $30B WTW Bid
Insurance broker Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday. The sector's biggest ...
InsurTech Summit Preview: Post-Pandemic InsurTech Usage Is at a ‘Leap Forward Moment’
Property/casualty insurers have talked for years about the need to modernize and embrace technology in order to serve their customers better. COVID-19 came along and rapidly quickened the process, ...
March U.S. Storms Caused More than $1B in Insured Losses: Aon
An onslaught of U.S. storms and flooding in March caused as much as $2 billion in economic damage. Public and private insurers were likely to see losses surpass $1 billion, Aon plc said in its ...
Businesses Pursue More COVID-19 Lawsuits, Seeking Higher Damages
The anniversary of COVID-19 shutdown orders brought an upturn in both the number of business-interruption lawsuits against insurers and the amount of damages they are claiming. In the past month: A ...