Underwriting
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...
The Latest Launches From Guidewire, Palomar/AAA, Beazley and Allied World
Palomar Specialty Insurance Company and AAA Club Alliance will sell residential earthquake insurance in Oklahoma. Guidewire Software issued the 2017.1 version of its Guidewire InsurancePlatform. ...
Climate Change Worsens U.S. Mobile Home Tornado Vulnerabilities
Tornadoes and mobile homes don't mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates ...
Munger Sees Danger, Opportunity in Berkshire Hathaway’s $10.2B AIG Deal
Charles Munger, the vice chairman of Warren Buffett's Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and ...
State Farm to Displace 4,200 Workers and Exit 11 Locations
State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss last ...
J&J Will Appeal $110M Talc Powder Cancer-Link Verdict
Johnson & Johnson was ordered by a St. Louis jury to pay more than $110 million to a Virginia woman who blamed her ovarian cancer on the company's talcum products. Imerys Talc America, which ...
Double Whammy of Bad Weather, Lower Premiums Hammer U.S. Insurance Profits
The U.S. insurance industry is suffering from lower property-casualty premiums, bad weather claims and interest rates that are still too low to move the needle, according to earnings reports by some ...
Nationwide, Markel, Munich Re Help Back Next Insurance’s $29M Funding Round
Digital Insurance startup Next Insurance nailed down $29 million in Series A funding, with an investor roster that underscores how many old-school carriers are hedging their bets on technology-fueled ...