$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley March 12, 2021 Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial...
The MEMIC Group Promotes Funk to President of the Eastern Region March 12, 2021 The MEMIC Group, a Portland, Maine-headquartered workers’ compensation insurance specialty carrier, has promoted Jeffrey Funk to the title of president...
Carrier Can’t Subrogate Against Students Who Caused Dartmouth Dormitory Fire March 12, 2021 By Jim Sams An insurer that paid $4.5 million to Dartmouth College to restore a dormitory that was damaged by fire can’t seek...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best March 12, 2021 Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in...
Purdue Pharma’s Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters March 12, 2021 By Mike Spector Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation,...
How Dangerous Is Japan’s Fukushima Nuclear Plant After 10 Years of Cleanup? March 12, 2021 By Mari Yamaguchi OKUMA, Japan – A decade ago, a massive tsunami crashed into the Fukushima Daiichi nuclear power plant. Three of its...
China’s Ant Group Issues Financial Self-Discipline Rules on Tighter Regulatory Oversight March 12, 2021 BEIJING – China’s Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities...
France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations March 12, 2021 By Alastair Marsh and Vanessa Dezem AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights...
Insurer Sanlam Braces for More Virus Waves in South Africa March 12, 2021 By Roxanne Henderson South Africa may still be short of the halfway mark of the pandemic even after two distinct waves of the...
Florida Regulator to Hold Hearing for Proposed Citizens’ Rate Increases March 12, 2021 The Florida Office of Insurance Regulation will conduct a rate hearing on Monday, March 15 on proposed rate increases from...