FutureProof Secures $6.5M to Launch Climate Risk MGA May 6, 2022 San Diego-based FutureProof Technologies, which calls itself a “climate-smart property/casualty insurtech,” announced that it has raised $6.5 million in capital...
New Jersey Steers $50M Into Program to Buy Flood-Prone Properties May 6, 2022 On a residential block in Lambertville, New Jersey where Tropical Storm Ida’s flood waters swept two houses into Swan Creek,...
Insurance Price Tag for Australia’s Record-Breaking Floods Estimated at A$3.35B: ICA May 6, 2022 The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to...
Russia’s Leading Shipping Firm Sovcomflot Plans to Sell Part of Its Fleet: Report May 6, 2022 Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with...
Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia May 6, 2022 By Shaji Mathew The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a...
Insurer Aviva Urges UK Government to Detail How It Will Reach Net Zero Emissions May 6, 2022 By Alastair Marsh The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF....
Europe’s Top Court Rules Against Compensation for Banco Popular Investors May 6, 2022 By Jesús Aguado Europe’s top court said on Thursday that Banco Popular shareholders who took part in its capital increase in 2016 are...
People Moves: Zurich Adds Sustainability Posts; Pie Attracts 4 Execs; Big ‘I’ Names Invest Chief May 6, 2022 Zurich Creates Role to Support Energy and Construction Clients With Sustainability Zurich North America has created three roles to support...
Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA May 6, 2022 A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy,...
Florida Governor Said to Be Eyeing Texas-Style Litigation Law for Special Session May 6, 2022 By William Rabb With Florida lawmakers set to convene in less than three weeks to face the swirling winds of the state’s property...