Markets
Verisk: Q1 Cat Bond Issuance Climbed to $1.5B
Catastrophe bond issuance crossed the crucial billion-dollar threshold for the second year in a row in Q1, and cat bond lite momentum also continued its upward trend, according to a new report from ...
Allstate Tries to Educate Drivers With Reality Rides Simulator
In an effort to combat distracted driving, Allstate is launching a national tour this month with its Reality Rides simulator. In its third year, the campaign builds awareness about the dangers of ...
AIG Plans to Go Global With Commercial Drone Underwriting Strategy
Now there are three. American International Group disclosed it is the latest insurer to win Federal Aviation Administration approval to operate commercial drones, following similar actions with USAA ...
U.K.-Based Insurers Face Risks If Nation Exits European Union: A.M. Best
Insurers based in the United Kingdom underwriting a material amount of European business should be monitoring the potential consequences of the United Kingdom exiting or renegotiating its position ...
Willis Snatches Up Mexican Rival With Eye On Emerging Market Growth
Willis Group said it is acquiring a broker based in Mexico to boost its growth potential in a key emerging market. The global insurance and reinsurance broker said it is snatching up Carsa ...
Uber Seeks U.S. Court Dismissal of Lawsuit Regarding Alleged Delhi Rape
Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India's capital, saying the ride-sharing company could not be held legally responsible for the driver's acts. The ...
Cyclone Niklas European Insured Losses Could Hit $2B: AIR Worldwide
When Cyclone Niklas slammed into parts of Europe at the end of March, it turns out the insured losses the storm caused were substantial. AIR Worldwide estimates the final tally will range between ...
Month-Long Austin Rideshare Challenge Shows Drivers Lack Insurance Savvy
Josh Waldrum knows from firsthand experience that most of the folks who drive for rideshare services like Uber and Lyft are not well informed about the insurance issues that insurance professionals ...