News Center
News – Insurance Journal
P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1
Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20 billion from $17.9 billion in the first quarter of 2020. Growth was fueled, in part, by an increase in realized …
POSTED JULY 29, 2021 11:47 AM |
Insurtech Investment Reaches Record $7.4B for First Half 2021
Insurtech venture investment keeps climbing ever higher, with new records reached for the second quarter as well as the first half of 2021, according to the latest Willis Towers Watson report on the sector. Global insurtech investment hit $7.4 billion …
POSTED JULY 29, 2021 11:34 AM |
Howden Acquires Independent Italian Broker Andrea Scagliarini SpA
Howden, the London-based insurance broker, announced an agreement to acquire Italian broker Andrea Scagliarini SpA. Financial details of the transaction were not disclosed. By establishing operations in Italy, Howden adds another market to its growing European platform, which enables it …
POSTED JULY 29, 2021 10:28 AM |
British On-Demand Drone Insurer Flock Raises $17 Million in Funding
British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social Capital, Flock said on Thursday. Flock started out insuring commercial drones, and added car and van fleets last year. It …
POSTED JULY 29, 2021 9:42 AM |
Alabama COVID Hospitalizations Soar
The number of COVID-19 patients in Alabama hospitals Monday climbed to more than 900 _ a number the state has not seen since February _ as the state sees a surge in virus cases. There were 947 COVID-19 patients in …
POSTED JULY 29, 2021 8:30 AM |
People Moves: Monarch E&S Hires Currier; Howden Specialty Names Two Executive Directors for Financial Lines Division
Monarch E&S Monarch E&S Insurance Services has named Heather Currier operations manager. Currier will be based out of Monarch’s Florida branch with responsibilities covering the company’s national platform. With 20 years of insurance experience, Currier has proven success in developing …
POSTED JULY 29, 2021 8:00 AM |
Lloyd’s Plans Insurance for Electric Vehicles, Hydrogen Fuel in Climate Change Fight
Lloyd’s of London plans to develop insurance products for electric vehicles and hydrogen as part of its efforts to fight climate change, the specialist insurance market said on Thursday. Lloyd’s published a climate action road map to speed the move …
POSTED JULY 29, 2021 7:47 AM |
West Virginia Lawsuit Over Opioids Reaches Closing Arguments
Three major U.S. drug distributors should be held responsible for sending a “tsunami” of prescription pain pills that caused a health crisis in one corner of West Virginia, an attorney for local governments said in closing arguments Tuesday in a …
POSTED JULY 29, 2021 7:00 AM |
People Moves: Bahn Joins RPS in Illinois; Keller Joins IFG Primary Casualty in Chicago; Omaha National Promotes Perry
Risk Placement Services Bruce Bahn joined Risk Placement Services (RPS) in Rolling Meadows, Ill., as the vice president of business and product development. In this new position, Bahn will be responsible for leading the firm’s new product and program development …
POSTED JULY 29, 2021 5:56 AM |
Scientists Call for Urgent Climate Change Action, Citing ‘Tipping Point’
The California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving recovery following a wildfire, extreme heat wave, or flood. The report “Protecting Communities, Preserving Nature, and Building Resiliency; How First-of-Its-Kind …
POSTED JULY 29, 2021 5:00 AM |
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