News
InsurTech Wefox Raises €151M to Build New MGA Focus, Core Markets
InsurTech wefox has secured funding of €151 million ($177.8 million), which will enable the company to build its core market positions in Austria, the Netherlands and Switzerland as well as its ...
CRC Group to Acquire Lloyd’s Managing Agency Atrium Underwriting Group
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd's managing agency Atrium Underwriting Group Ltd. from ...
2025 U.S. Wildfires Nearly Double Over Same Time Last Year
There are currently 111 wildfires blazing across the U.S., according to newly released data by the National Interagency Fire Center. Of the active wildfires, 31 are currently under suppression ...
Appeals Court Decertifies GM Transmission Lawsuits
General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty ...
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time
PricewaterhouseCoopers LLP, one of the world's largest professional advisory firms, has cut prices for some services as clients raised the fact that the consultancy is using artificial intelligence ...
Reputation Risk Can Overshadow Ransom in Cyber Attacks, Aon Says
The cost of a cyber attack extends far beyond any immediate mitigation expenses or ransoms paid. Reputational costs and dipping stock values can be a significant portion of losses, according to the ...
Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers
Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers, but underwriting discipline continues, according to renewal reports from three ...
Vendor Issues Top Cause of Wedding Insurance Claims in 2024: Travelers
As peak wedding season gets underway, The Travelers Companies, Inc. is highlighting the common causes of loss resulting in wedding insurance claims. "Soon-to-be-weds already have enough to worry ...