Markets
Markel Subsidiary Acquires Remaining Stake in Canadian MGA
Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general ...
Defective Products, Crashes, Human Error Cause Large Chunk of Business Liability Losses
Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty ...
Trov, an On-Demand Insurance Startup, Raises $45M to Fuel Global Expansion
On-demand insurance startup Trov raised $45 million in Series D financing, with plans to use it for an accelerated global expansion. The money will also fuel an expansion of what items Trov covers ...
The Latest Launches From Chubb, Liberty Mutual and RMS
Chubb is expanding its global clinical trial liability insurance coverage. Liberty Mutual is now giving premium discounts to auto insurance customers who drive a Volvo with advanced safety features. ...
I.I.I. Viewpoint: Why ProPublica’s Auto Insurance Report Is Inaccurate, Unfair and Irresponsible
It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically ...
Autonomous Vehicles, Smart Homes Lead to Shifts in Exposures—and Underwriting
Today's insurers want to be there for their customers—literally. With sensors of various kinds in policyholders' cars, homes and personal devices, "exposure data tracking" is rapidly becoming a ...
SCOTUS Will Consider Company Exposure to Human-Rights Suits
The U.S. Supreme Court agreed to use a case stemming from Middle Eastern terrorism to decide whether victims of overseas atrocities can use a two-century-old federal law to sue corporations for ...
Commercial Lines Prices Up Slightly in First-Quarter 2017: MarketScout
For the first time in 20 months, the MarketScout composite rate index for commercial accounts in the United States measured a rate increase at plus 1 percent in the first quarter. Rates for business ...