Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers Watson. Nevertheless, insurtech companies still …
The White House shelved a step-by-step guide prepared by U.S. health officials to help states safely reopen mass transit, restaurants, daycare centers and other public places closed by the coronavirus pandemic, an administration official said on Thursday. The 17-page document …
Education Secretary Betsy DeVos on Wednesday issued a new policy that will reshape the way schools and universities respond to complaints of sexual misconduct, bolstering the rights of the accused and narrowing the scope of cases colleges are required to …
Zurich Insurance Group announced it has appointed Ralph Brand as global head of Casualty, Financial Lines and Cyber, and Chris Waterman as global head of Property, Marine and Technical Lines. With these newly created roles, Zurich further simplifies its Underwriting …
Extensive severe weather events in the United States during April cost insurers billions of dollars, according to the latest edition of Aon’s Global Catastrophe Recap report. There were 14 killer tornadoes in the U.S. in April – the fifth-most in …
Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The Hiscox Action Group, which is seeking to sue Hiscox …
Almost exactly four years ago the World Bank announced a pioneering project, the Pandemic Emergency Financing Facility, designed to develop a new insurance market and protect the world’s poorest countries against deadly disease. The PEF, as it’s known, was supposed …
An insurer that failed to pay a claim within 60 days cannot be considered the prevailing party even if a claimant is eventually awarded less than the carrier’s settlement offer, a divided Oklahoma Supreme Court ruled. The 6-3 opinion marks …
The NFL has set protocols for reopening team facilities and has told the 32 teams to have them in place by May 15. In a memo sent by Commissioner Roger Goodell and obtained Wednesday night by The Associated Press, several …
Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly concentrated in the Sahara. That’s the …
