U.S.
Zurich To Stop Backing Nord Stream 2 After U.S. Sanctions Warning
Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two ...
Aon Cuts Ties With Trump Organization
Insurance broker Aon has ended its business relationship with the Trump Organization, Wells Media has learned. The Trump Organization is the hotel, luxury residence and golf course business of the ...
American Family Acquiring InsurTech Bold Penguin
Madison, Wisc.-based American Family Insurance announced Thursday that it is acquiring Columbus, Ohio-based Bold Penguin, an InsurTech that simplifies the process of obtaining small business ...
Responding to the Impact of COVID-19 on Workers Compensation
The workers compensation system has faced extraordinary challenges in the past 12 months. They just aren't the same issues we thought we would be addressing when the pandemic hit the U.S. in March ...
Climate Change to Blame for One-Third of U.S. Flood Losses Over Past Three Decades
Climate change is to blame for more than one-third of U.S. flood losses over the past three decades, according to a new study from Stanford University researchers. The study, published in the journal ...
Data Analytics Startup Confianza Makes Its Debut
Confianza has launched – a new data analytics company focused on smaller insurers. Two insurance industry veterans are behind the New Mexico company's launch. One co-founder – Jeffrey Glazer – ...
Lemonade Plans to Sell 3 Million Shares in Secondary Offering
Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for "general corporate purposes." The New York-based InsurTech could raise as much as $808 ...
Chubb, Liberty Mutual, Travelers Put Political Donations On Hold
Major U.S. insurers on Wednesday decided to suspend contributions to political campaigns for the next few months, following last week's violence at the U.S. Capitol and challenge to President-elect ...