Underwriting
2019 Insured Losses Reach an Estimated $56B: Swiss Re
Global insured losses in 2019 dropped to an estimated $56 billion, from $93 billion in 2018 and below the annual average $75 billion of the previous 10 years, according to preliminary sigma estimates ...
The Latest Launches From The Hartford and Zurich
The Hartford said it has expanded its offerings designed to protect customers from cyber attack risks. Zurich and InsurTech managing general underwriter Vindati have launched a new stand-alone Motor ...
It Burns: EU Court Rules Airlines Can Be Held Liable for Spilled Coffee
It might be harder to get hot coffee at 30,000 feet after the European Union's top court said that airlines can be held responsible for injuries caused by spilled drinks, even if it isn't clear how ...
Personal Info of 15M Canadians at Risk After LifeLabs Hacking
Canadian laboratory testing company LifeLabs disclosed on Tuesday that it had suffered a cyber attack that may have compromised the personal information of some 15 million customers, primarily in the ...
MS Amlin Will Exit Several Classes of U.K. P/C Business
MS Amlin, the London-based insurer and reinsurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, ...
Southwest Reaches Partial Settlement Deal With Boeing Addressing Projected 737 MAX Damages
Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the ...
Safeway Insurance Group Earns A.M. Best Ratings Outlook Upgrade
Safeway Insurance Group gained a ratings outlook upgrade from A.M. Best, thanks to solid rate increases and a number of strategic initiatives the ratings agency views as positive developments. A.M. ...
Robust Personal Auto Insurance Market Will Slow in 2020: Fitch Prediction
Don't expect the U.S. personal auto insurance market to continue in 2020 with the strong results seen in 2018 and likely for 2019, Fitch Ratings said in a new report. Fitch said that "shifting market ...