Risk
The Latest Launches From Bunker, BHSI, AXA and USAA
Bunker is now offering a real-time proof of insurance process for on-demand workers. Berkshire Hathaway Specialty Insurance is expanding its North American Transactional Liability Insurance business ...
Travelers Seeking Higher Premiums in California After Two Years of Fire Losses
California's deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state. After "two significant years in a row of losses, I think the discussion and the debate ...
InsurTech MGA Clearcover Pulls in $43M Series B; American Family Among Investors
American Family Insurance joined onto a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicaco, ...
2018 Catastrophe Losses Faced 60 Percent Protection Gap: Aon
Economic costs of 2018's 394 natural catastrophe events came to $225 billion with insurance covering $90 billion of the overall total. The results reflect the fourth costliest year on record of ...
Travelers Combined Ratio Ticks Higher; Q4 Profit Exceeds Estimates
Insurer Travelers Cos Inc reported a better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. ...
Chubb Estimates $585M in Q4 Pretax Cat Losses
Chubb disclosed an estimated $585 million in net catastrophe pretax losses for the 2018 fourth quarter, stemming mostly from storms and wildfires. After tax, those catastrophe losses totaled $505 ...
UK PM May Targets EU Concessions in Push to Break Brexit Deadlock
British Prime Minister Theresa May will try to break the deadlock over her Brexit plans on Monday by setting out proposals in parliament that are expected to focus on winning more concessions from ...
QBE Joins $30M Financing Round for Machine Learning Startup HyperScience
HyperScience, a startup using machine learning to automate office work-related data entry and more, attracted $30 million in Series B financing from investors including Australian insurer QBE. New ...