U.S. venture capital firm Andreessen Horowitz has backed London-based insurance startup Hyperexponential in a $73 million funding round, the insurance software company said on Thursday. Founded in 2017, Hyperexponential provides insurance companies with mathematical modeling software, allowing them to price …

WTW Names Buganski Head of Personal Lines, CRB NA WTW, headquartered in Arlington, Va., appointed Despina Buganski as head of personal lines, corporate risk and broking, North America (CRB NA). With more than 30 years of industry experience, Buganski joined …

Executive Summary Companies need to enact long-term performance measurement and strategies for underwriting discipline across the underwriting cycle because evidence suggests underwriters will not impose it themselves, according to Tony Buckle and John Carolin, co-founders of the boutique insurance consultancy …

A report from the South Carolina Department of Insurance confirms what insurers and bars and restaurants have said for the past few years: Liquor liability coverage in the state is “extremely unprofitable” for carriers – and costs are far out …

Federal investigators say they have been unable to determine what caused a medical flight to go haywire before the helicopter crash-landed without losing any lives nearly two years ago. The pilot somehow avoided a web of power lines and buildings …

A worker was killed on New York’s Long Island Monday after becoming buried in a hole while working on a septic system. Suffolk County Police said the masonry company worker was installing cesspool rings at a home in Head of …

The new year brought with it an expansion of Connecticut’s workers compensation benefits with regard to post-traumatic stress injuries or disorder (PTSD). Prior to January 1, only first responders were eligible for benefits for work-related PTSD; now under a new …

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Mutual of Enumclaw Insurance Company and Enumclaw Property & Casualty Insurance …

TOLEDO, Ohio (AP) — Five companies have agreed to pay the federal government more than $7.2 million overall to resolve claims stemming from longstanding pollution in two adjacent creeks in the Maumee River watershed in northwestern Ohio. The settlement with …

The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the …

Aspen Insurance Holdings Ltd. has partnered with Surefire Cyber to launch Aspen Cyber Risk Services (ACRS), a complimentary suite of services that will enable its primary cyber insureds to proactively tackle cybersecurity threats, from pre-incident to response and resilience. This …

Less than a month after Farmers Direct Insurance filed for a hefty rate increase on West Virginia auto liability policies, Progressive has followed suit with an almost identical request. The West Virginia insurance commissioner posted a bulletin Tuesday, noting that …