Just 18 months ago, the standard travel insurance policy wouldn’t have covered losses stemming from a pandemic. But nowadays some countries demand exactly that and travel insurers have been forced to pivot. Costa Rica, for example, now requires all international visitors to carry at least… Read More »Here’s what you need to know about buying travel insurance during a pandemic
Email security company Abnormal Security Corp. has raised $210 million in a Series C funding round led by Insight Partners. Based in San Francisco, Abnormal uses machine learning and other forms of artificial intelligence to detect potential cyberattacks launched through cloud-based email systems such as… Read More »Abnormal Security Raises $210 Million in Series C Funding Round
Textsize To the Editor:I appreciated the articles about Elon Musk in the most recent issue (“How Elon Musk Can Fix Twitter,” “He Could Even Save Social Media,” and “The Risks to Tesla Are Overblown,” Cover Stories, April 29). The stated reason that Musk purchased Twitter… Read More »Free Speech, and a Free Society
Allstate Corp. ALL 3.01% reported a 61% decline in its closely watched adjusted net income compared with last year, as the US car-insurance industry grapples with growing accident volumes and sharply higher claims costs. Another of the biggest and best-known publicly traded insurers, MetLife Inc..… Read More »Allstate Profit Weakens as Accidents, Claim Costs Increase
Going separate ways can leave people wondering what might have been. But it may still be for the best. Last year, insurance giant American International Group AIG 7.41% sold a stake in its life-and-retirement unit to Blackstone, and it aims to take that business public… Read More »The Time Is Still Right For AIG to Break Up
Global insurance conglomerate American International Group inc. AIG 0.80% posted strong gains in first-quarter profit, benefiting from reduced catastrophe losses, growth in new business and premium-rate increases. Another of the nation’s biggest publicly traded insurers, Prudential Financial Inc., TRU 1.22% swung to a $31 million… Read More »AIG Boosts Profit as Catastrophe Losses Narrow, Premiums Are Increased
Many insurers are increasing premiums by 6% to 8% while some are asking for double-digit increases, according to industry executives and analysts. The rising rates are an example of inflation leading to more price increases as businesses try to compensate for higher costs. After having… Read More »Car Insurers Rush to Raise Rates as Inflation Takes a Toll