PG&E in California’s Will Pay to Bury Power Lines to Prevent Wildfires July 22, 2021 By Noor Zainab Hussain California power company Pacific Gas and Electric said on Wednesday it would bury 10,000 miles of power lines in high-risk...
Bezos’ 2021 Space Odyssey Is a Risk Too Far for Insurers June 25, 2021 By Noor Zainab Hussain and Carolyn Cohn Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are...
Extreme Weather, Repair Woes to Push Property Insurance Higher: Hippo CEO June 23, 2021 By Noor Zainab Hussain and Carolyn Cohn Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next...
Amazon.com Offers Prescriptions Starting at $6; Considers Physical Locations June 9, 2021 By Noor Zainab Hussain and Dania Nadeem Amazon.com Inc. said on Tuesday it was now offering six-month prescriptions starting at $6 for medications of common health issues...
Amazon CEO Bezos Volunteers for Risky Space Travel Journey in June June 8, 2021 By Akanksha Rana, Subrat Patnaik and Noor Zainab Hussain Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space...
Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters April 13, 2021 By Noor Zainab Hussain and David French Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment...
Insurers Have Not Yet Embraced Cryptocurrency Craze Despite Demand April 1, 2021 By Noor Zainab Hussain and Carolyn Cohn If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls...
Demand for Travel Insurance Takes Off As More Destinations Require Coverage March 8, 2021 By Allison Lampert and Noor Zainab Hussain COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require...
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains January 21, 2021 By Noor Zainab Hussain and Suzanne Barlyn Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped...