Articles by Mark Hollmer

Hollmer is a veteran business journalist and editor of CarrierManagement.com's daily e-newsletter for the property/casualty insurance industry C-suite. He may be reached at mhollmer@carriermanagement.com.

Despite Mitigation Efforts, Cyber Attacks and Rate Hikes to Continue in 2022

As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch Ratings. “It is probably one of the bigger …

Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty

Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery trends. Some exist due to post-pandemic economic fallout, but many others are longstanding …

Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty

Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery trends. Some exist due to post-pandemic economic fallout, but many others are longstanding …

Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs

Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New York-based insurtech stands to gain a national foothold in car insurance, …

Regulation, Technology Know-How Are Delaying Embedded Insurance’s Full Potential

Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that could postpone its full potential, a panel of experts and industry insiders said during InsureTech Connect 2021 in Vegas. “Regulation is a roadblock …

Chubb CEO Greenberg Says Some Insurtechs Are More Hype Than Transformation

Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of insurtech entrepreneurs, Chubb CEO Evan Greenberg was having none of that. “It’s just hype,” Greenberg said …

Government Can and Should Help Reduce Cyber-Security Risks: ITC Highlights

It’s no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official and industry CEO argued separately at ITC Vegas …

Chubb CEO Greenberg Says Some Insurtechs Are More About Hype Than Transformation

Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of insurtech entrepreneurs, Chubb CEO Evan Greenberg was having none of that. “It’s just hype,” Greenberg said …

Chubb’s Digital Platform Blink Partners With USAA on Cyber Insurance

Insurer Chubb’s new digital platform Blink is partnering with its first insurance carrier to offer cyber insurance to military families. The arrangement allows USAA Insurance Agency to offer a Chubb-backed personal cyber insurance offering through Blink. USAA Insurance Agency is …

Cyber Insurance and Security MGA Coalition Raises $205M

Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy even further. Coalition said the investment will help accelerate its plans to …