Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round.
Author: Annie George
Beazley Wary of Social Inflation Effect While Cyber Premiums Sag
Beazley plc saw lower first-quarter premiums in cyber as the group implements its excess and surplus operation and remains wary of lines affected by social inflation.
Kaiser Notifies Millions of Its Members of a Privacy Data Breach
About 13.4 million current and former Kaiser Permanente members and patients were potentially impacted by a privacy breach, the health care provider said.
Allstate Could Resume Issuing New Home Insurance Policies in CA
Allstate, one of California’s biggest home insurers, could resume writing new homeowner policies if the department of insurance approves rule changes.
Hartford Financial First-Quarter Profit Surges on Commercial Lines, Investment Gains
Hartford Financial Services Group Inc. posted higher first-quarter net income on commercial lines gains and elevated investment income.
Aon Reports 5% Growth in Q1 2024
Aon plc today reported results for the three months ended March 31, 2024.
Net Zero Panel Replaced by UN’s Forum for Insurance Transition to Net Zero
The United Nations has convened a new forum to drive progress on the insurance industry’s transition to net-zero carbon emissions after a number of carriers withdrew from an earlier incarnation amid opposition from U.S. politicians.
Coalition Finds More Than Half of Cyber Insurance Claims Originate in the Email Inbox
A report by Coalition found that more than half (56%) of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management.
Aon Completes Acquisition of NFP to Bring More Capability to Clients
Aon, a leading global professional services firm, announced today that it has completed the acquisition of NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor.
WTW Reports First Quarter 2024 Earnings
WTW, a leading global advisory, broking and solutions company, today announced financial results for the first quarter ended March 31, 2024.