P&C Industry News

Insurance Journal

  • Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion September 20, 2020
    Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to lead the roughly $250 …
    Gillian Tan and Katie Roof
  • Report Shows Steep Drop in California Workers’ Comp IMRs in 1st Half Year September 18, 2020
    The number of independent medical reviews used to resolve California workers’ compensation medical disputes fell sharply in the first half of 2020 as the pandemic took a toll on the state’s economy with statewide unemployment spiking to a record level …
  • Arthur J. Gallagher & Co. Acquires Erin P. Collins & Associates in Arizona September 18, 2020
    Arthur J. Gallagher & Co. has acquired Kingman, Ariz.-based Erin P. Collins & Associates Inc. Erin Collins and his associates will continue to operate from their current locations under the direction of Scott Gregory, head of Gallagher’s Southwest region employee …
  • Fire Weather May Improve for Pacific Northwest, No Such Luck for Tinderbox California September 18, 2020
    Rains may bring some reprieve to those suffering from massive blazes in the Pacific Northwest in the next few weeks, but forecasters don’t expect any help for wildfire-plagued California anytime soon. That’s according to briefing call on Friday morning held …
    Don Jergler
  • Is It Covered? Frozen Pipes. September 18, 2020
    This “Is It Covered?” column will examine two real-life claims from the Dakotas involving frozen pipes – one personal lines and the other commercial lines. Both are good examples of how policy language usually governs, even if the result defies …
    Bill Wilson

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