Markets
U.S. Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The U.S. is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including ...
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War
Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. "The orderly ...
Hail a Growing Loss Driver on Rising Tide of Severe Convective Storms, Allianz Says
Hailstorms drove record insured damages as severe convective storms are becoming more common and damaging, popping up in new places—and even storms producing small hailstones are posing unforeseen ...
Liberty Mutual Announces Leadership Restructuring for CRS and LMI
Liberty Mutual announced a new leadership structure across the company's Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses late last week, appointing Vlad Barbalat president ...
NAIC Issues Nationwide Data Call to Homeowners Insurers
The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understanding of the U.S. homeowners insurance markets. The data, intended ...
Allstate Joins Mobile Insurance App Leader GEICO; Top Carriers Expand Telematics Services: Keynova
Keynova Group, a competitive intelligence firm that benchmarks consumer financial services, including insurance, announced that Allstate now ties with GEICO for the distinction of having the top ...
Is Commercial Auto Having Its ‘Sprinkler Moment’?
The commercial auto insurance industry may be approaching a tipping point, and dashcams are at the center of it. Telematics-based safety programs are increasingly embedded in commercial auto ...
NY Lawmakers Urged to Have Faith in Auto Insurance Reform Numbers. But Do They?
New York small businesses, big businesses, rideshare companies, police and fire unions, insurers, insurance agents, truckers, bus companies, auto repair shops, university professors, district ...