Billion Dollar Loss Scenarios Point to Need to Better Understand Cyber Events September 9, 2019 As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report...
Guy Carpenter’s Holtmeier Joins BMS as U.S. Reinsurance Chief Strategy Officer September 9, 2019 Reinsurance brokerage BMS Group announced the appointment of Gregg Holtmeier as chief strategy officer of its U.S. reinsurance operations. With...
Cigna Plan Will Cover Expensive Breakthrough Gene Therapies September 9, 2019 Health insurer Cigna Corp. said on Thursday it had introduced a plan to fully cover costs for expensive gene therapies,...
Root Insurance Raises $350 Million in New Round; Valuation Reaches $3.65 Billion September 9, 2019 Root Insurance, which uses smartphone technology to gauge driver behavior and price policies, said it has raised $350 million in...
U.S. Opposes Merger of Title Insurers Fidelity National and Stewart September 9, 2019 The U.S. Federal Trade Commission said on Friday that it had filed an administrative complaint aimed at preventing title insurance...
Automated Driver Assist Cars Still a Work in Progress September 9, 2019 By Alan Levin and Ryan Beene To the human driver, it would have been an obvious obstacle: a police car and fire truck, emergency lights blazing,...
Online Tool from Brightway Helps Franchise Owners Recruit Agents September 9, 2019 Brightway Insurance has introduced a new online tool for its franchise owners designed to improve how franchisees recruit agents. The...
Starr Insurance Sues to Rescind Coverage for Plane Used by Lawyer Avenatti September 8, 2019 By Suzanne Barlyn An insurance unit of Starr International Company Inc. on Friday sued Michael Avenatti, the combative lawyer known for his battles...
Prudential to Pay $2.35 Billion for Insurtech Startup Assurance IQ September 6, 2019 By Bharath ManjeshR Prudential Financial Inc. is set to buy online insurance startup Assurance IQ Inc for $2.35 billion, the latest in a...
Genstar Capital’s Investment in Wholesaler Worldwide Facilities Finalized September 6, 2019 National wholesale insurance broker Worldwide Facilities said it has closed on the previously announced investment by Genstar Capital, a San...