News
Environmental Groups Want Miners to Buy Private Insurance for Tailings Dams
Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental ...
Nationwide Becomes Fully Independent Agency Carrier on July 1
Nationwide said it will complete an 18-month transition on July 1 to operate as a fully independent agency carrier. With that milestone date, more than 99 percent of the company's formerly captive ...
German InsurTech Friendsurance Turns to Debt Financing as Funding Alternative
Many InsurTech startups pursue venture capital or equity financing to fuel their growth (the sale of stock to investors who gain ownership interest in return). Germany's Friendsurance recently took a ...
Drivers Sped During Lockdowns, Making Car Crashes Deadlier
Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters ...
New Flood Risk Maps Designed to Address Major Government Deficiencies
First Street Foundation, a nonprofit agency, is making accurate climate change-adjusted flood scores available for every property in the U.S. today. There are government-produced maps showing 8.7 ...
Liberty Mutual’s Safeco, Heritage Insurance to Take Over AIG’s Upper Middle Market Biz
American International Group is transferring part of its personal insurance business for upper middle market clients to Liberty Mutual's Safeco Insurance and Heritage Insurance Holdings, a ...
Boeing Is Reportedly Beginning 737 MAX Certification Flight Tests
Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing Co are slated to begin a three-day certification test campaign for the 737 MAX on Monday [June 29], people ...
Overly Broad Exclusions and Double-Digit Rate Hikes Seen in 6/1 Re Renewals
Providing a preliminary analysis of June 1, 2020 reinsurance renewals in Florida, Guy Carpenter reported that COVID-19 accelerated the firming of the reinsurance market, with carriers facing a ...