Underwriting
11 States Battle Drought, Heightened Wildfire Risk
Federal officials have designated portions of 11 drought-ridden western and central states as primary natural disaster areas, highlighting the financial strain the lack of rain is likely to bring to ...
Homeowners Choice First Admitted Carrier to Offer Flood Cover in Florida
Homeowners Choice Property & Casualty Insurance Company, Inc., a Florida based provider of homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., announced Thursday that ...
Ford Teams with MIT, Stanford to Research Autonomous Driving
Ford Motor Co. said it is joining with two top U.S. universities to launch research into automated driving technology. The automaker said it will work with Stanford University and the Massachusetts ...Travelers’ Slowing of Price Hikes Raises Concerns; Shares Fall
U.S. insurer Travelers Cos. Inc.'s slowing pace of price hikes raised concerns about its margins and overshadowed a three-fold rise in quarterly profit, sending its shares down as much as 3 percent. ...
Driving Losing Some Of Its Appeal But Reasons May Vary By Country
Car use appears to have leveled off and even started falling in many of the world's advanced economies long before the global downturn in 2008, according to transport experts. The slowdown brings to ...
Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR
Florida's top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in ...Lower Disaster Claims, Higher Prices Boost Travelers’ Q4 Profit
Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm ...
Canadian Insurers Pay Record C$3.2 Billion in Weather Claims
Canadian insurance companies paid a record C$3.2 billion ($2.9 billion) to claimants last year as the country coped with weather-related disasters, an industry group said. The ice storm in December ...