Underwriting
Executives On The Move at AIG, XL Catlin, Chubb and More
The Insurance Information Institute appointed a new head of Communications. A former AIG exec rejoined as chief auditor. XL Catlin added an Environmental Insurance regional leader in San Francisco. ...
Slice Labs’ Pay-Per-Use Rideshare Insurance App Enters Real-World Test Phase
About a year after its debut, insurance tech startup Slice Labs said it has completed a pay-per-use rideshare insurance app. The next step: testing the technology with "a select set" of rideshare ...
A Medical Professional Liability Capital Cushion Is Also a Barrier to Profit
For all the changes in health care over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance have mostly remained the same since its crisis in the ...
U.S. Personal Auto Rate Hikes Weren’t Enough to Halt Weakening Market: Fitch
U.S. personal auto underwriters increased premium rates "significantly" in 2016. But here's the thing: it wasn't enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry ...
Lack of Comma Sense Launches Debate After Ruling in $10M Lawsuit
It all came down to a missing comma, and not just any one. And it's reignited a longstanding debate over whether the punctuation is necessary. A federal appeals court decided this week to keep alive ...
Global Insured Disaster Loss Events Climbed 43% in 2016: Swiss Re
Global insured losses from disaster events hit $54 billion in 2016, up 43 percent from the previous year, as countries around the world dealt with earthquakes, storms, floods, wildfires and other ...
Brussels or Luxembourg? Lloyd’s Will Reportedly Choose One as EU Hub
Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, ...
Cyclone Debbie Causes Australia Mass Evacuations, Mine Closures, Catastrophe Declaration
A powerful cyclone tore into Australia's northeastern coast on Tuesday, forcing thousands of people to flee, shuttering coal to gold mines and prompting insurers to declare a catastrophe. Cyclone ...