Markets
Digital Carrier Next Insurance Starts Offering Commercial Auto Insurance Policy
Digital carrier startup Next Insurance is debuting its first commercial auto insurance policy. Small businesses can now purchase a commercial car insurance policy separately from Next, or at a ...
Safeco Will Take Over Donegal Mutual’s Personal Lines Biz in 7 States
Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to ...
Monte Carlo Dispatch: Industry Blockchain Initiative B3i Irons Out Platform Kinks
The industry's Blockchain Insurance Industry Initiative (B3i) announced a year ago it had developed a reinsurance blockchain prototype for a property excess-of-loss (XOL) contract and asked the ...
Wells Fargo Plan to Repay Customers Pushed Into Unnecessary Auto Insurance Reportedly Rejected by Regulators
U.S. regulators have rejected Wells Fargo & Co's plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated ...
NRA-Marketed Insurance Hit With Crackdown From California Regulators
California's insurance regulator ordered the National Rifle Association to stop marketing an insurance product without being licensed. A "Carry Guard" product was allegedly being marketed by the NRA ...
Hurricane Florence Already Triggering Business Interruption Policies
Hurricane Florence is still hundreds of miles off the U.S. East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let ...
Executives On The Move at Zurich, AIG and RMS
Zurich Insurance named a new chief underwriting officer for its Zurich North America Unit. AIG appointed an XL Catlin veteran to lead its Bermuda business. Catastrophe modeler RMS appointed a former ...
Hurricane Florence Nears the Mid-Atlantic Coast, as the P/C Industry Keeps Watch
Insurers, catastrophe modelers and brokers are scrambling to prepare for and keep up with Hurricane Florence. The massive storm is slated to bring heavy winds and rainfall to the southeastern and ...