U.S.
Files Seized From VW Law Firm Can Be Used in Investigation: Court Ruling
Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany's top court ruling on Friday that files seized from a U.S. ...
Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market
Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country's most common natural disaster, said Katy Sivyer, underwriter for North America ...
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans ...
Trōv Expands Into U.S., Launches in Arizona With On-Demand Single Item Insurance
Trōv, a global on-demand insurance tech company, has expanded into the United States, starting with insurance for single items in the state of Arizona. Munich Re's Digital Partners provides ...
Oil CEOs Pursue Argument Against Being Sued Over Climate Change
Leaders of the world's largest oil companies want everyone to know it won't do anyone any good to make them pay for the damages of climate change. Executives have been making the argument after a ...
The Private Flood Insurance Market Grew Considerably in 2017
During 2017, the private flood insurance market expanded considerably with 50 new carriers. In total, insurers reported direct private flood insurance premiums written of $630 million—an increase ...
U.S. Flood Models Are Still in Their Infancy, So Underwriters Must Be ‘Cautious Consumers’
The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the ...
Rebranded Liberty Mutual Re Starts in U.S. Marine Market and Debuts in Italy
Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, has begun writing marine business in the U.S. for the first time and is opening for business in Italy. Scott ...