Underwriting
Munich Re Embraces Driverless Tech With Mobileye Partnership for Commercial Fleets
Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. ...
CBO: Federal Flood Program Is Diving Deeper Into Debt Even Without Major Storms
The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey. The National Flood Insurance Program (NFIP) is ...
National Flood Insurance Program Gains Extension Until Dec. 8; Reform Talks Continue
President Donald Trump last Friday signed legislation reauthorizing the National Flood Insurance Program until Dec. 8, 2017, which buys more time for Congress to consider reforms of the program. The ...
Hurricane Harvey Could Upend a Long Period of Flat Commercial Insurance Prices: Willis Towers Watson
Hurricane Harvey could upend a trend of nearly flat commercial insurance prices that has continued since 2015, Willis Towers Watson said in its latest industry survey. "Insurers are bracing for a ...
Insurers, Reinsurers Alike See Stock Gains as U.S. Irma Fears Subside
Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma's damage were excessively dire. Giant reinsurers like Swiss Re and Munich Re, which shoulder risks ...
Liberty Mutual Sees Opportunity in Joining P2P Car-Sharing Startup’s $92M Financing
Liberty Mutual's venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual ...
AmTrust Seals Quota Share Reinsurance Deal to Reduce Hurricane, Tropical Storm Exposures
AmTrust Financial Services signed a new quota share reinsurance contract intended to reduce hurricane and tropical storm exposure for its Republic Companies business. The contract, effective Aug. 1, ...
Hurricane Irma Threatens $1.2B of Florida Crops; Insurance Issues Will Vary
Hurricane Irma is threatening to wreak havoc on Florida farmlands, menacing $1.2 billion worth of production in the top U.S. grower of fresh tomatoes, oranges, green beans, cucumbers, squash and ...