Report Holds Optimistic COVID-19 Recovery View of Cannabis Industry July 29, 2020 By Don Jergler A new report out examining how the COVID-19 pandemic impacted the U.S. cannabis industry shows consumer purchasing spiked, dropped, then...
Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists July 29, 2020 By Iain Withers, Anna Irrera and Tom Wilson Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up...
Average Age of Cars Americans Are Driving Nears 12 Years: IHS Markit July 28, 2020 By Joseph White Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to...
Insurtech Fundraising Rises in Q2 with $1.6 Billion Invested July 28, 2020 Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtech firms raised $1.56 billion during...
Concern Over Small Businesses Grows as Coronavirus Resurges, Federal Aid Expires July 27, 2020 By Howard Schneider The number of outright failures of U.S. small businesses in the first months of the coronavirus pandemic was comparatively modest,...
Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon July 24, 2020 By L.S. Howard Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during...
Half of Insurance Agencies Lack a Digital Strategy, Applied Systems Survey Finds July 23, 2020 A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy...
Traffic Down 25%, Motor Vehicle Fatalities Down 8% in May During Lockdowns July 23, 2020 By Andrew G. Simpson Preliminary estimates indicate that deaths from motor vehicle accidents fell in May but the death rate per miles driven jumped...
U.S. Cyber Insurers Face Changing Landscape; Top 20 Cyber Insurers July 22, 2020 Cyber insurers have been enjoying a profitable run for several years but are now facing a changed risk landscape with...
January’s Hailstorms in Australia Cost Insurers an Estimated A$1.8B (US$1.3B): PERILS July 21, 2020 The industry loss footprint for the January 2020 Australian hailstorms, which occurred Jan. 19-21, 2020, are estimated at A$1.8 billion...