Commercial Lines
Berkshire Hathaway Launches New Multiple Coverage Insurance for Small Businesses; Buffett Endorses
Berkshire Hathaway's Insurance Group is launching a new comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate's legendary chairman has endorsed ...
The Latest Launches From Beazley and Sompo International
Beazley started marketing coverage designed to protect banks and other lenders from pollution risks that could harm the value of property used as collateral for commercial loans. Sompo International ...
CNA Says More Rate Hikes to Come After $84M Q4 Net Loss
CNA Financial Corp. lost $84 million in its 2018 fourth quarter, a result the Chicago-based property/casualty insurer blames on poor investment returns and catastrophe losses. At the same time, CNA ...
Climate Change Alert: World’s Driest Desert Floods and Wettest Woodlands Are Burning
The world's driest desert is flooding and some of the planet's wettest woodlands are burning. Welcome to summer in Chile. Rains high up in the Andes mountains have led to torrents of water pouring ...
UK Hit With Suit Concerning Brexit Deal With Ferry Company Lacking Boats
The companies that run the Channel tunnel are suing the British government over its award of ferry contracts to handle freight shipments in a no-deal Brexit, just days after one of those contracts, ...
Global Insurance M&A Grew 9 Percent in 2018; Short-Term Drop-Off Likely: Clyde & Co.
Global insurance sector mergers and acquisitions increased by 9 percent in 2018, with the Americas showing the most active deal activity, according to a new Clyde & Co. report. There were 382 ...
Hartford InsurTech Hub Welcomes 2019 Startup Group
Hartford InsurTech Hub, backed by Startupbootcamp, has welcomed its 2019 cohort of startups to Hartford, Conn. The chosen startups cover a range of abilities, from property insurance claims to ...
Property Catastrophe Retrocession a Bright Spot in Jan. 1 Reinsurance Renewals: A.M. Best
The property catastrophe retrocession market was a bright spot in what was largely flat pricing for reinsurance at Jan. 1 2019 renewals, A.M. Best said in its latest Market Segment Report. According ...