Underwriting
Unusual Move: Lemonade Reveals Data From Initial 2 Days of Operation
Lemonade, the peer-to-peer InsurTech startup that launched only a few weeks ago on Sept. 21 selling renters and homeowners insurance in New York, sold 142 policies and generated $14,300 in gross ...
Florida Hurricane Risk Forces Big Cat Bond Plunge
Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida. The Swiss Re Cat Bond Price Return Index dropped 1.7 percent last week, the steepest decline since ...
Allianz, Toyota, BMW Seal Data-Sharing Deal With Autonomous-Tech Firm
Global automakers Toyota, BMW and insurer Allianz will license technology from Silicon Valley start-up Nauto, which uses cameras and artificial intelligence systems in cars to understand driver ...
Hurricane Matthew Moves Out to Sea; Flooding Continues, Death Toll Climbs
Residents of the southeastern United States ravaged by Hurricane Matthew turned their focus on Monday toward recovery and clean-up, but officials in several states warned that deadly flooding could ...
About Those Rates: Why Allstate’s Rating Program May Not Be What It Seems
Actuaries occupy a quiet, arcane world, their debates obscure: Loss development factors: weighted vs. straight? Premium impact: parallelogram vs. extension of exposures? Reserve methods: chain ladder ...
Hurricane Matthew Kills at Least 7 in NC; Power Outages, Flooding in 3 States
More than 1.5 million people are still without power as Matthew on Sunday brought Hurricane-force wind gusts and flooding to the outer banks of North Carolina, where the storm left at least seven ...
A Diminished Hurricane Matthew Lands in South Carolina; 1.5 Million Lose Power
More than 1.5 million people were without power and hundreds of flights were grounded as Hurricane Matthew came ashore Saturday in South Carolina, rapidly losing strength along the way. Matthew ...
Hurricane Matthew Idles Plants, People, Goods Up Florida’s Atlantic Coast
Disruptions to air travel, manufacturing, supply chains and retail stores spread on Friday as Hurricane Matthew worked its way up Florida's Atlantic coast, leaving people and goods stranded and ...