U.S.
15 Startups Join InsurTech NY’s Second Growth-Stage Accelerator Program
Fifteen startups have been chosen to participate in InsurTech NY's second growth-stage InsurTech accelerator cohort. The program is designed to provide startups resources that help to find talent, ...
USAA Boosts Minimum Pay, Will Hire 2,600 People by Year’s-End
USAA aims to fill 2,600 new and existing positions by the end of 2021 and will also drastically increase minimum pay as an added recruiting incentive, the company disclosed on Oct. 11. The P/C ...
Allstate Will Sell Its Chicago-Area HQ in Embrace of Hybrid Work Routines
Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry's firmest endorsement yet of the desire to offer hybrid work after the pandemic. With many employees choosing ...
Government Can and Should Help Reduce Cybersecurity Risks: ITC 2021 Highlights
It's no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official ...
Nobel Laureate Argues Central Banks Lack Tools to Fight Climate Change
Central banks are at risk of over-promising on how they can respond to the challenges posed by climate change, a Nobel economics laureate whose work questions how well economic models cope with ...
U.S. Senators See ‘Actuarial Disaster’ on the Horizon With Flood Risk Rating 2.0
U.S. senators from coastal states are predicting "an actuarial disaster" in the future once FEMA's new flood insurance rating systems goes into full swing. In a press call on Sept. 30, Louisiana Sen. ...
6th Circuit Reverses Finding That COVID Orders Caused Direct Physical Loss
A federal appellate court reversed a rare policyholder win in a COVID-19-related business interruption claim, once again holding that government orders that restrict the use of a property do not ...
The Infrastructure Bill: What It Means for General Contractors and Their Insurers
The United States Senate overwhelmingly passed the $1 trillion infrastructure bill in August. The House aims to pass the bill by October. According to an analysis by S&P Global, the bill could ...