Global insurer Chubb has reported net income of $2.14 billion for the fourth quarter of 2021, as the company’s property and casualty (P&C) underwriting income hit a record $1.27 billion with a combined ratio of 85.5%. Year-on-year, Q4 net income actually fell by 11.5% from the prior year period, as core operating income increased by… Continue reading Chubb’s P&C Underwriting Income Hits Record High in 2021
Author: Farkas Laura
EPA Moves to Restore Obama-Era Rules on Power Plants
The Environmental Protection Agency (EPA) moved on Monday to reinstate a federal determination that allowed it to regulate mercury, lead, and other toxic metals emitted by coal and oil-fired power plants. Under the Obama administration, the EPA stated that it had the authority under the Clean Air Act to regulate mercury and other toxic metal… Continue reading EPA Moves to Restore Obama-Era Rules on Power Plants
Diana Corkum Joins Alliant’s Employee Benefits Group in Connecticut
Dynamic employee benefits veteran Diana Corkum has joined Alliant as Senior Vice President within its Employee Benefits Group. Based in Hartford, Connecticut, Corkum will design tailor-made employee benefits solutions for a diverse client base. “Diana’s deep expertise in the employee benefits sector and her ability to create unique benefits plans that improve operational strength and… Continue reading Diana Corkum Joins Alliant’s Employee Benefits Group in Connecticut
InsurTech Sayata Raises $35 Million in Series A Funding for Business Insurance
Sayata, an insurance broker and carrier marketplace, raised an extra $35 million for its Series A round after receiving $17 million in August. The extension was spearheaded by Pitango Growth and Hanaco Ventures, with prior investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd joining in. The fresh capital comes after the Boston-based company’s revenue… Continue reading InsurTech Sayata Raises $35 Million in Series A Funding for Business Insurance
Retailers Quietly Deploying Controversial Technology to Combat Crime Spree
Macy’s, Bloomingdale’s, and a slew of other major retailers are quietly employing controversial facial-recognition technology to combat an increase in smash-and-grab robberies and other coordinated attacks. It’s part of a larger effort to transform retailers’ existing security cameras — those ubiquitous black gadgets that produce thousands of hours of mostly useless footage — into a… Continue reading Retailers Quietly Deploying Controversial Technology to Combat Crime Spree
Top InsurTech Funding Rounds, January 2022
There were 41 funding rounds in the insurtech sector between Jan. 1 and Jan. 31, 2022, according to a review by Digital Insurance. What follows is a selection of the funding rounds. A portion of the data was sourced from Crunchbase. Accelerant $193 million, private equity round, Jan. 12 Description: Data platform for underwriters Round… Continue reading Top InsurTech Funding Rounds, January 2022
Cyberattacks Increasingly Hobble Pandemic-Weary U.S. Schools
During an early morning staff meeting at a middle school in New Mexico’s largest city, teachers got their first inkling of a widespread technology problem. There were shout-outs for a new custodian’s hard work on the video, as well as the usual announcements from administrators and the union rep. However, there were hints of a… Continue reading Cyberattacks Increasingly Hobble Pandemic-Weary U.S. Schools
Philadelphia Has Joined a $1 Billion Opioid Settlement with Every Pa County
After criticizing the national opioid settlement, Philadelphia officials, along with those from every other county in Pennsylvania, signed on to the agreement, which is expected to deliver $1 billion to the state for drug treatment and prevention and end one chapter of legal wrangling over the deadly and decades-long opioid crisis. After months of pushback… Continue reading Philadelphia Has Joined a $1 Billion Opioid Settlement with Every Pa County
U.S. Unveils Plan to Improve Cyber Defenses for Water Utilities
The White House unveiled a plan on Thursday to strengthen cybersecurity in the nation’s water sector, as part of its efforts to thwart attacks on critical infrastructure such as electricity and natural gas pipeline operators. Water facilities, according to senior administration officials, use automation and electronic networks that are vulnerable to cyber attacks, which could… Continue reading U.S. Unveils Plan to Improve Cyber Defenses for Water Utilities
Demand for Extended Stay Accommodations Has Been High During the Pandemic, Shows No Signs of Easing
After the Covid-19 lockdowns were lifted, leisure travel flourished. Business travel is still in decline. However, one type of lodging has been able to fill rooms throughout the pandemic: extended stay hotels. During the early months of Covid-19, these properties, which cater to guests staying from a week to three months, were popular with first… Continue reading Demand for Extended Stay Accommodations Has Been High During the Pandemic, Shows No Signs of Easing