Commercial Lines
Harvey Likely Hit Hiscox With $150M in Net Insurance Claims
Specialist insurer Hiscox Ltd. believe it will see net claims from Hurricane Harvey hovering around $150 million. The number is based on an insured market loss prediction of $25 billion, excluding ...
InsurTech Investment Is Surging in Europe as Carriers Modify Customer Interactions
Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure ...
Hackers Compromised CCleaner Free Software, Putting Legions of Devices at Risk
Hackers broke into British company Piriform's free software for optimizing computer performance last month potentially allowing them to control the devices of more than two million users, the company ...
Harvey, Irma Will Create Short-Term Hardened Property Market; Early Capital Concerns Minimal
Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term, according to a new KPMG survey. In related news, a new Morgan ...
Hurricane Jose Appears Headed for U.S. as Maria Strengthens
Hurricane Jose churned toward the U.S. Northeast and could cause swells along the coast by midweek, according to the National Hurricane Center, while Tropical Storm Maria is expected to become a ...
UK Business Leaders Want May to Seek Three-Year Brexit Transition
British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time would jeopardize "our collective prosperity." In a ...
Next Insurance Portal Allows Small Businesses to Manage, Cancel Own Policies
Digital small business insurance provider Next Insurance has unveiled a new online portal giving small businesses more control over their insurance policies. The portal offers what Next says are ...
After Harvey and Irma: Businesses Fight With Their Insurers for Lost Income
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers. Exclusions in the fine ...