Commercial Lines
Flood Insurance, Terrorism Cover, FIO Will Be on the 2019 P/C Congressional Agenda
Reform and long-term renewal of the National Flood Insurance Program will be high on the property/casualty insurance industry's agenda when the new Congress begins its work in January 2019. Congress ...
Carriers Will Increasingly Turn to the Cloud in 2019: Deloitte Prediction
Insurers are poised to increasingly embrace the cloud and related technologies in 2019, according to predictions Deloitte makes in a new report. Deloitte argues that for the insurance industry, an ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Expect at Least $2.5B in Insured Losses From Calif. Woolsey Fire: AIR Worldwide
Catastrophe risk modeling firm AIR Worldwide estimates at least $2.5 billion in insured losses from the Woolsey Fire in Southern California. AIR said that its estimate of insured losses is based on ...
Judges Skeptical About Combining 3M, DuPont Suits Over Cancer-Linked Chemicals
Creating a massive lawsuit over cancer-linked chemicals found in around a third of Americans' drinking water got a skeptical reception in federal court Thursday. A panel of seven judges in Manhattan ...
Report: Ex-GE Employees Being Questioned About Legacy Insurance Business
General Electric Co's former employees are being questioned by federal investigators about details in a legacy insurance business that led to accounting issues at the conglomerate last year, the Wall ...
Marriott Cyber Attack Puts Data From 500 Million People At Risk
Marriott International Inc. has been investigating a hack involving unauthorized access to the guest reservation database at its Starwood unit since 2014, in what may be one of the biggest such data ...
Large Commercial Carriers Still Generate Sizable Customer ‘Indifference’: J.D. Power Survey
Large commercial insurers are still generating indifference from a sizable chunk of their client base, even though overall customer satisfaction has improved slightly, according to a new J.D. Power ...
InsurTech Oyster Insurance Heads West With Pay-As-You-Go Workers Comp Launch
A new InsurTech wants to provide pay-as-you-go workers compensation to as many small businesses in California as possible, and it hopes to use the momentum it's built following a quiet launch in the ...