Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion September 20, 2020 By Gillian Tan and Katie Roof Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about...
Is It Covered? Frozen Pipes. September 18, 2020 By Bill Wilson This “Is It Covered?” column will examine two real-life claims from the Dakotas involving frozen pipes – one personal lines...
Great American, VGM Insurance Launch Golf & Country Club Program September 18, 2020 Great American Insurance Group’s Alternative Markets Division has launched a new program for golf and country clubs across the United...
InsureTech Connect Delays Virtual Conference Until October for Networking Signups September 18, 2020 By Mark Hollmer Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect,...
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best September 18, 2020 Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires...
Beazley Restructures U.S. Executive Risk Leadership Team September 18, 2020 Beazley has restructured its Executive Risk leadership structure in the United States, which aims to support greater knowledge sharing and...
Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals September 18, 2020 By Susanne Sclafane Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions...
Number of Landfalls of Big U.S. Storms Could Break 1916 Record September 18, 2020 By Will Wade Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental U.S....
Businesses Urge U.S. Insurers to Stop Insuring, Investing in Fossil Fuel Producers September 18, 2020 By Noor Zainab Hussain A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in...
In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO September 17, 2020 State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It...