Monthly Archives: <span>May 2020</span>

Workers’ Compensation Insurtech Pie Raises $127 Million With Plan to Acquire Carriers

Workers’ compensation provider Pie Insurance announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined the insurtech’s current investors in the capital raise, including Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance …

Insurtech Trov Partners with LatAm Insurer Sura to Bring On-Demand Insurance to Brazil

Trov, the San Francisco-based insurtech company, is partnering with Latin American insurer Seguros Sura to bring on-demand insurance products to the Brazilian market. Recent regulatory changes in Brazil have enabled insurers to offer on-demand insurance products to consumers and businesses …

Thieves Find Unattended Autos Easy Targets During Coronavirus Sheltering-at-Home

The coronavirus hasn’t been kind to car owners. With more people than ever staying home to lessen the spread of COVID-19, their sedans, pickup trucks and SUVs are parked unattended on the streets, making them easy targets for opportunistic thieves. …

Driving Hasn’t Found Its New Normal Yet: Opinion

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy. Apple mobility trends show searches for directions down …

Trump Executive Order Aims to Shrink Liability Shield for Social Media Giants

Donald Trump has been raging against Twitter Inc. since the social media platform that helped vault him to the presidency slapped fact-check links on a pair of his tweets. Now, he’s poised to take action Thursday that could bring a …

Could Hong Kong’s Role as Global Financial Hub Be Jeopardized by China Security Law?

China’s parliament approved a decision on Thursday to go forward with national security legislation for Hong Kong that democracy activists in the city and Western countries fear could erode its freedoms and jeopardize its role as a global financial hub. …

Brit Enters High Net Worth Market with Launch of Private Client Offering

Brit Ltd., the London-based specialty insurer and reinsurer, has launched a private client offering. Brit Private Client will provide brokers operating in the high and ultra-high net worth market, and their clients, with a bespoke approach. It will offer clients …

Allianz and Generali Plan to Sell Life Insurance Assets: Sources

Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion …

DUAL Specialty Underwriting Adds Black to Management Liability Team in Tennessee

DUAL Specialty Underwriting (DSU), the Management Liability division of DUAL North America, has added Heather Black as a senior underwriter. Black will be located in Nashville, Tenn. Black brings nearly 18 years of experience in the insurance industry with the …

Viewpoint: What’s Fair When It Comes to Paying Insurance Claims?

The ongoing COVID-19 pandemic has tragically resulted in the deaths of 100,000 Americans, changed our day-to-day lives, hampered our economy, and forced us to reexamine how we live. As the country moves to reopening, after weeks of a shut down …