Underwriting
‘Modest Improvement’ for Commercial Auto Could Lead to Break-Even 2021: Fitch
Commercial auto insurance is on the road to "modest improvement" for 2021, thanks to both rising rates and a pandemic-related reduction in driving, according to a new Fitch Ratings report. Fitch said ...
Metromile Hires Capital One Vet to Guide National Digital Insurance Growth Efforts
Metromile, a digital insurance platform and pay-per-mile auto insurer, hired a Capital One marketing veteran to help shepherd national growth. Troy Dye, who was with the credit card giant for 20 ...
Genworth Financial Defers Mortgage Unit IPO, Citing Trading Volatility
Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. ...
Executive Viewpoint: A New Property Underwriting Paradigm
Buildings burn. They shake. They blow up, and they blow down. The events and situations causing damage to buildings are unchanging. For more than 300 years, insurance companies have indemnified ...
PartnerRe Loses $66M in Q1, Due in Part to Winter Storm Uri
PartnerRe lost $66 million in the 2021 first quarter, due in part to market volatility and $104 million of net losses from Winter Storm Uri. At the same time, the company has enjoyed momentum from ...
Federal Ransomware Advisories Create Cyber Insurer Exposure Risks
As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the ...
April Hailstorms Jolted U.S. Insurers With Multibillion-Dollar Losses: Aon
Insurers face multibillion-dollar losses from U.S. hailstorms during April, according to Aon's Global Catastrophe Recap report, which each month analyzes the impact of natural disaster events ...
Colonial Pipeline Rebounds From Massive Cyber Attack, Reportedly Has Ransomware Coverage
After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages across East Coast states. ...