P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1 July 29, 2021 Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20...
Insurtech Investment Reaches Record $7.4B for First Half 2021 July 29, 2021 Insurtech venture investment keeps climbing ever higher, with new records reached for the second quarter as well as the first...
Howden Acquires Independent Italian Broker Andrea Scagliarini SpA July 29, 2021 Howden, the London-based insurance broker, announced an agreement to acquire Italian broker Andrea Scagliarini SpA. Financial details of the transaction...
British On-Demand Drone Insurer Flock Raises $17 Million in Funding July 29, 2021 British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social...
People Moves: Monarch E&S Hires Currier; Howden Specialty Names Two Executive Directors for Financial Lines Division July 29, 2021 Monarch E&S Monarch E&S Insurance Services has named Heather Currier operations manager. Currier will be based out of Monarch’s Florida...
Lloyd’s Plans Insurance for Electric Vehicles, Hydrogen Fuel, in Climate Change Fight July 29, 2021 Lloyd’s of London plans to develop insurance products for electric vehicles and hydrogen as part of its efforts to fight...
People Moves: Bahn Joins RPS in Illinois; Keller Joins IFG Primary Casualty in Chicago; Omaha National Promotes Perry July 29, 2021 Risk Placement Services Bruce Bahn joined Risk Placement Services (RPS) in Rolling Meadows, Ill., as the vice president of business...
Labor Commissioner Cites Three California Grocers $447K over COVID-19 Paid Sick Leave July 29, 2021 The California Labor Commissioner’s Office cited three El Super grocery stores in Southern California for failing to provide or delaying...
Elderly Colorado Man Tasered Says Cop Put Knee on Neck in Lawsuit July 28, 2021 A 75-year-old man who suffered a cascade of health problems after a police officer used a Taser on him in...
Chubb Is ‘Firing On All Cylinders,’ Says CEO Greenberg After Record Results for Q2 July 28, 2021 Chubb released positive second quarter results, driven by gains in its commercial property/casualty business and related rate hikes in the...