Commercial Lines
U.S. P/C Net Income Grows to $20B in Q1, but Combined Ratio Worsens: APCIA/ISO Report
U.S. private/casualty insurers saw their net income after taxes jump to $20 billion in the 2021 first quarter, but their combined ratio worsened compared to the same period a year ago, according to a ...
Chubb CEO Greenberg: Don’t Ban Ransomware Payments (Except Maybe Cryptocurrency)
How can insurers and society combat ransomware? Chubb Chairman and CEO Evan Greenberg is doubling down against outlawing ransomware payments to address the issue. He appears to make an exception, ...
Legacy Carriers Can Join Agentero’s Digital Agent Network as They Improve Their Tech Stacks
One of Agentero's pitches as an InsurTech startup is to connect insurance agents to "modern carriers" to help boost their revenue. Carriers, in turn, can use the California-based InsurTechs's ...
The Latest Launches From Chubb and Net Insurance
What is being billed as the first on-demand and pay-per-use plan to protect against home theft has debuted in Italy, in a collaboration between three companies. Chubb added Errors and Omissions ...
Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion
FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves ...
China Regulator Will Guide Insurers to Boost Natural Disaster Offerings
China's banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings. It also plans to raise public ...
Insured Losses From Germany’s Flooding Could Reach $6B: AIR Worldwide
AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system "Bernd" parked itself ...
Chubb Celebrates ‘Robust’ Q2 Financial Results; Commercial Lines Premium Gains Soar
Chubb released extremely positive Q2 results on July 27, driven in particular by strong gains in its commercial property/casualty business and related rate hikes in the sector. The company used words ...