Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points January 31, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
Coalition Launches Full-Stack Cyber Insurer for SMBs January 31, 2023 Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition...
Investor Group Bans Carbon Removal Schemes From CO2 Reduction Plans January 31, 2023 An investor group committed to climate change and controlling $11 trillion in assets has banned members from counting carbon removal...
Climate Disaster in Amazon Rainforest Could Cascade Across Earth, Study Finds January 31, 2023 By Laura Millan Trees set ablaze in Brazil’s Amazon rainforest could contribute to melting glaciers in the Himalayas and Antarctica because distant ecosystems...
New Zealand Braces for More Flooding From Another Rain Deluge January 31, 2023 By Tracy Withers Auckland is bracing for another rain deluge later Tuesday that threatens more surface flooding and land slips on ground already...
India’s Digit Insurance to Refile Papers for $440M IPO After Regulator Raises Concerns January 31, 2023 By M. Sriram Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after...
Facebook Seeks to Block $3.7B UK Mass Action Over Market Dominance January 31, 2023 By Sam Tobin Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds ($3.7...
Tesla Competing With ‘GEICOs of the World’ to Lower Insurance Prices January 31, 2023 By Susanne Sclafane While executives of Tesla said the car maker’s insurance business isn’t yet big enough to warrant separate financial disclosure of...
Surety Bonds Offer Protections and Economic Benefits to Both Public and Private Sector Construction January 31, 2023 By IAT Insurance Group This post is part of a series sponsored by IAT Insurance Group. The perfect storm of inflation, supply-chain disruptions and...
SC Workers’ Comp Commission Holds Hearing on New Medical Provider Fees January 31, 2023 The South Carolina Workers’ Compensation Commission will hold a hearing Feb. 13 on the proposed, 2023 medical service provider manual,...