Underwriting
Residents, Oil Production at Risk From Twin Storms Taking Aim at U.S. Coast
Coastal residents in low-lying areas of Louisiana and Cuba were evacuating on Sunday, while roads turned to rivers in Haiti's capital city, as twin hurricanes threatened the Caribbean and U.S. Gulf ...
Allstate’s July Catastrophe Losses Negated by Payments From California Utility
The Allstate Corp. reported more than $145 million in pretax catastrophe losses in July, thanks mostly to a hurricane and a few other storms. But that was more than offset by subrogation recoveries ...
Multiple Disasters Converge Simultaneously in California
Californians are in their sixth month of sheltering in place because of a pandemic that's killed more than 11,000 residents. Now a new crisis — hundreds of wildfires — is forcing people to ...
U.S. States Claim OxyContin Maker Purdue Pharma Owes Them $2.2 Trillion
U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP's alleged role in America's opioid epidemic, accusing the drugmaker in new filings of pushing ...
State Auto Plans Broad Rollout of Agent Platform Developed With Amazon
State Automobile Mutual Insurance Company is planning a national rollout of a platform designed with Amazon to help independent insurance agents better serve the insurer's policyholders. A beta ...
Aon’s New Division Will Tap Additional Sources of Capital for Reinsurance
Global broker Aon has formed a new team in its Reinsurance Solutions business that will focus on building global investor relationships in order to identify additional sources of capacity to clients. ...
Three Years After NotPetya, Cyber Lessons Continue for the Insurance Industry
This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies ...
Auto Insurance Shopping Rebounds After COVID-19 Shutdown
Auto insurance shopping and new business growth rebounded in May and June after a drop in late March and early April due to COVID-19 shutdowns, civil unrest and other events. However, there was ...