News
P/C InsurTech Venture Capital Surpasses $1B in Q1; Several Startups Raise Large Rounds
Property/casualty related InsurTech financings in the 2021 first quarter came together at a healthy clip, as startups focused on addressing needs in an insurance industry facing accelerated ...
Catastrophe Bonds: The Next Frontier for Socially Responsible Investing
Catastrophe bonds are being hailed as the next frontier for socially responsible investing. Such debt, which insures against natural disasters such as hurricanes, earthquakes and pandemics, is ...
First FEMA Flood Insurance Pricing Update in 50 Years Spikes Consumer Costs
Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency ...
Scientists Detect 55 New Environmental Chemicals in Humans: Risk Alerts
Scientists have detected 55 new environmental chemicals in humans—including some with unknown sources and uses. By 2030, more than 60 countries could see their credit ratings cut due to climate ...
April 1 Reinsurance Renewals Continue Hard Market Trends: Willis Re
International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories. Capacity was adequate ...
Aclaimant Raises $15M to Expand Safety/Risk Management Software Lineup and Reach
Aclaimant nailed down $15 million, venture capital financing the safety and risk management insurance technology startup will use to fuel further product innovation, hiring, marketing, sales and ...
COVID-19 Cancels London Market Insurers’ 2020 Profits, but Rates Are Rising
Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a report published by Fitch Ratings. The main drivers of ...
SCOTUS Bars Class Action Lawsuit Against Facebook Under Anti-Robocall Law
The U.S. Supreme Court on Thursday barred a proposed class action lawsuit accusing Facebook Inc of violating a federal anti-robocall law, sparing the social media company from a potentially costly ...