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Climate Change Is Breaking Insurance. Here’s How Tech Could Save It.

If floodwaters outside a warehouse in Freeport, Texas, owned by private investment firm Postlane Partners rise to 8 inches, an internet-connected sensor will trigger an automatic $3 million payment from an insurance company, a startup called FloodFlash. If the waters rise to 16...

Athene raises $600 million to grow insurance business

Financial services company Athene Holding Ltd. has confirmed plans to sell $600 million of 5.875% senior unsecured notes due 2034, the proceeds of which will be used to expand its insurance operation. The offering is expected to close on December 12th, 2023, subject to...

Travel insurance company AIG denies claims over canceled Israel tour

PHOENIX (3TV/CBS 5) - Some Arizona travelers are upset with an insurance company’s decision to deny their claims after their trip to Israel was canceled. The company says the October 7th attack from Hamas was an act of war and not a terror...

HCI Group Announces Proposed Public Offering of Common Stock

TAMPA, Fla., Dec. 06, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that it has commenced an underwritten public offering of 1,000,000 shares of its...

Olson Elected President of WFBF, Krentz Re-elected President of Rural Mutual Insurance Company | WTAQ News Talk | 97.5 FM · 1360 AM

Brad Olson MADISON – Brad Olson was elected president of the Wisconsin Farm Bureau Federation. Olson is a crop farmer near Frederic in Polk County. Joe Bragger from Independence in Buffalo County was re-elected to serve as WFBF Vice President.Brad and his wife, Vicky,...