Commercial Lines
Most Midwest Homes Lack Flood Insurance: A.M. Best
States hit hardest by recent Midwest flooding — including Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than 1 percent, ...
‘Bomb Cyclone’ Blizzard Forces Some U.S. Grain Processors/Elevators to Close
A second "bomb cyclone" blizzard hitting the United States was limiting the movement and processing of corn, soybeans and wheat around the Midwest and Plains on Thursday. Grain trader Cargill Inc ...
Lloyd’s Syndicate Ascot Underwrites New Global Crop Insurance Platform
Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten ...
Embroker Eyes Expansion in Multiple Ways After Securing $28M Series B Round
Embroker has raised $28 million in new venture financing designed to help the digital insurance company and brokerage startup expand. Plans call for using the Series B funding round, in part, to ...
Lloyd’s Will Now Restrict Drunk People From Entering Its Offices
Lloyd's continues to tighten up its workplace rules by restricting people from entering Lloyd's premises who are drunk or under the influence of drugs. The new rule, which was included in a market ...
British PM May Wins Oct. 31 Brexit Extension
European Union leaders gave Theresa May a new Brexit deadline of Oct. 31, four months longer than the prime minister asked for, in a move the EU summit chair said would let Britain resolve its ...
Zurich/CoverWallet Expand Small Biz Insurance Platform Partnership Into Switzerland
Zurich Insurance Group investment in CoverWallet is bearing fruit, with Zurich now offering CoverWallet's platform targeted to small and medium-sized business insurance customers in Switzerland. ...
U.S. Led the Catastrophe Pack With Major Flood Damage in March
Damage from flooding in March 2019 reached $8 billion from events across the globe, with much of the damage happening in the U.S., according to Aon's "Global Catastrophe Recap – March 2019." "The ...