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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...