Markets
The Latest Launches From Travelers, AGCS and Liberty Mutual/Ironshore
Allianz Global Corporate & Specialty launched a new online distribution platform targeted to small commercial business accounts. Travelers is beefing up its coverage for directors and officers ...
Self-Driving Trucks May Arrive Before Taxis: Waymo CEO Prediction
Alphabet Inc.'s driverless vehicle technology may come to market first in trucks, rather than as an autonomous ride-sharing service. John Krafcik, chief executive officer of Alphabet's Waymo ...
Munich Re Warns Harvey, Irma Storms Could Erase Q3 Profit, Challenge 2017 Target
Munich Re, the world's largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company's ability to meet its full-year earnings ...
Harvey ‘A Different Storm’ Allstate CEO Says; No Worries About Re Exhaustion
Structural damage from Hurricane Harvey appears lighter than other storms, the chief executive officer of Allstate reported at an investor conference this week, comparing his birds-eye view from a ...
Travelers’ Hurricane Harvey Pretax Losses Could Reach $750M
The Travelers Companies said it will deal with as much as $750 million in pretax catastrophe losses stemming from Hurricane Harvey. It's still early yet, so Travelers disclosed an estimate with a ...
InsurTech Firms Often Help Traditional Reinsurers: JLT Re
A wave of InsurTech startups are entering the re/insurance market—but that's not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close ...
Streams of Raw Sewage Overwhelm Cities Slammed by Hurricanes Harvey and Irma
Hurricane Harvey took aim at one of the nation's most industrial regions, releasing a stream of toxic pollutants from chemical plants, refineries and Superfund sites in Texas. But when its bigger ...
Insurance Holding Company Alleghany Is Selling PacificComp to CopperPoint Mutual for $150M
Alleghany Corp. will sell off workers compensation carrier Pacific Compensation Insurance Company (PacificComp) to a rival for $150 million in cash. Arizona-based CopperPoint Mutual Insurance Company ...