News
Hurricane Zeta Brings Damaging Winds, Storm Surge to Louisiana
Hurricane Zeta was poised to crash into Louisiana on Wednesday with a "life-threatening storm surge" and winds that will reach far inland, the state's sixth lashing this year from a Gulf Coast storm. ...
InsurTech VC Breaks Records in Q3; Mid-Tier Startup Funding Shrinks
InsurTech funding saw the largest number of deals and the highest amount of funding since data recording into InsurTech began, with $2.5 billion raised by InsurTech firms across 104 deals during the ...
Root Raises $724.4M, an IPO Victory for the Auto Insurance Startup
Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said. Root, which has ...
Chubb Turns in Q3 Profit Despite Massive Catastrophe Losses
Chubb's net income grew by 9 percent in the 2020 third quarter, something that Chair and CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment ...
U.S. P/C Insurance Industry Net Income Plunges 26 Percent in H1
U.S. P/C insurance industry net income plunged 26 percent in the 2020 first half, as underwriting results and investment gains took a hit from COVID-19, catastrophes and other instabilities, ...
Insureds Seeking Premium Cuts Must Ask State Regulator First, Judge Rules
A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured's reduced business during the pandemic. The judge ...
Take a Vacation Anyway, Plus Other Tips for Pandemic Work/Life Balance
Any remote worker can tell you how office demands have invaded the home in 2020 and started creeping into every corner of the day. But Jessica DeGroot is no ordinary worker. She is an expert in ...
Ship Insurers Confront Arctic Headaches as Routes Open Up
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so ...