Underwriting
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 ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
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. ...
Planck Pulls in $20M, Plans to Expand AI Data Platform Globally
Planck has attracted $20 million in additional venture capital cash. The InsurTech startup - centered around an AI-based data platform for commercial insurance - plans to use the investment to expand ...
Workers Comp Performed Strongly During Pandemic Even With Premium Plunge
Because of job losses and shrinking payrolls during the pandemic recession, the workers compensation industry's net written premium dropped 10 percent to $42 billion in 2020. However, private ...