U.S.
First FEMA Flood Insurance Pricing Update in 50 Years Spikes Consumer Costs
Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency ...
April 1 Reinsurance Renewals Continue Hard Market Trends: Willis Re
International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories. Capacity was adequate ...
Aclaimant Raises $15M to Expand Safety/Risk Management Software Lineup and Reach
Aclaimant nailed down $15 million, venture capital financing the safety and risk management insurance technology startup will use to fuel further product innovation, hiring, marketing, sales and ...
SCOTUS Bars Class Action Lawsuit Against Facebook Under Anti-Robocall Law
The U.S. Supreme Court on Thursday barred a proposed class action lawsuit accusing Facebook Inc of violating a federal anti-robocall law, sparing the social media company from a potentially costly ...
Insurers Wary About Cryptocurrency Craze Even as Tesla Takes the Plunge
If Elon Musk's Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck. ...
Zurich Insurance Deepens Climate Change Strategy
Zurich Insurance Group said it will be taking further, deeper steps to help curb carbon emissions in line with the Paris Agreement's goals to limit global warming. Targets will include its own ...
Lloyd’s of London Warns ‘Large Loss’ Is Likely Due to Suez Canal Blockage
The blockage of the Suez Canal for nearly a week will result in a "large loss" for Lloyd's of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 ...
Next Insurance Reaches $881M in VC Cash After New $250M Funding Round
Next Insurance raised a whopping $250 million in new venture financing – a major cash infusion after a year of acquisitions and other actions to further growth. "This latest round of financing is a ...