German digital insurer Wefox said Wednesday it raised $110 million of fresh funding from backers including JPMorgan and Barclays.
Author: Annie George
Mixed Reaction to EPA New Carbon Pollution Standards for Fossil Fuel-Fired Power Plants
The announcement a few days ago by the EPA of proposed new carbon pollution standards for coal and natural gas-fired power plants has drawn mixed reactions.
BP Unit to Pay Record $40M to Settle U.S. Air Pollution Civil Charges
A subsidiary of BP plc will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws.
Beazley Launches Streamlined Miscellaneous Medical Liability Product
Specialist insurer Beazley today announced the launch of its streamlined Miscellaneous Medical Liability insurance product (“MiscMed”) to both the U.S. and London markets.
Tremor Launches New Marketplace-Embedded Modern Communications Platform
Reinsurance pricing and placing platform provider Tremor Technologies has announced the launch of TremorTalk, an embedded end-to-end modern communications platform.
Inflation, Catastrophes Contribute to 2022 Underwriting Loss for P&C Industry: New Triple-I/Milliman Report Shows
The 2022 net combined ratio for the property/casualty insurance industry was 102.4, with underwriting losses for personal lines partially offset by underwriting gains for commercial lines.
Suspected Cyberattack Cripples News Operations at Philadelphia Inquirer
A suspected cyberattack crippled operations at the Philadelphia Inquirer over the weekend, leaving the newspaper unable to print its regular Sunday edition.
Economic Anxiety Prompts Insurance Cutbacks Among Consumers: Nationwide
Among the top financial concerns for consumers is the cost of insurance, with 17% rating it among their top financial worries.
Unresolved Critical Vulnerabilities Are 33% More Likely to Experience a Cyber Claim: Coalition
New Coalition report shows human error or inaction as the top exploited cyberattack vector.
Wells Fargo Agrees to Pay Shareholders $1B to Settle Class-Action Suit
Wells Fargo agreed to pay shareholders $1 billion to settle a class-action lawsuit that accused the bank of overstating its progress in cleaning up after its 2016 fake-accounts scandal.