U.S.
Demand Rises for Trade Credit Insurance as Brexit Insolvency Fears Grow
Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due to concerns about the impact of Brexit. The UK economy is ...
AIG Risks Liability in Elon Musk Defamation Case
Insurance giant American International Group Inc. may get wrapped up in a defamation case involving billionaire Elon Musk, who has told lawyers representing the British cave diver suing him that he's ...
Quantemplate, a Cloud-Based Data Processor, Pulls in $12 Million
Quantemplate raised $12 million in new venture financing, money it plans to deploy to expand the use of its self-service cloud-based automated data products and services targeted to insurers and ...
Private U.S. P/C Insurers Generated Record Surplus in H1 2019
Private U.S. property/casualty insurers produced a record surplus in the 2019 first half, driven up by carriers' income and unrealized capital gains, Verisk and the American Property Casualty ...
Hurricane Dorian Ties an Atlantic Hurricane Landfall Record: Aon
Hurricane Dorian's early September onslaught in the Bahamas, North Carolina and Canada produced total economic and insured losses in the billions, according to Aon's monthly Global Catastrophe Recap ...
Verifly Becomes Thimble and Raises $22M to Fuel On-Demand Insurance Growth
Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance. Existing ...
As the Private Flood Market Grows, Claims Professionals Will Be Tested
A nudge into the market by carriers offering private flood insurance is becoming more of a shove, which might bring new opportunities for claims adjusters and maybe create a more efficient claims ...
Insurance Site Struggles With Google’s Escalating Costs
"Where's the best place to hide a body? The second page of a Google search." The gallows humor shows that people rarely look beyond the first few results of a search, but Lee Griffin isn't laughing. ...