Personal Lines
Florida, Louisiana Stand Out as Super-High ‘Covicane’: PCS
A major hurricane that makes landfall in the southeastern United States will may also serve as a COVID-19 super-spreader that will slow recovery and increase costs, catastrophe modeler Property ...
Natural Catastrophe Losses Reached $40B in H1 2021, Hovering Near Record: Swiss Re
Estimated insured losses from natural catastrophes reached $40 billion during the first half of 2021 — driven by a deep winter freeze, hailstorms and wildfires — while man-made disasters ...
Record Disaster Claims Slam German, Chinese Insurers as Extreme Weather Intensifies
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, ...
Aviva Will Return $5.5B to Investors; Activist Shareholder Wants More
British insurer Aviva pledged on Thursday to return at least 4 billion pounds ($5.5 billion) to shareholders, sending its shares surging, but activist investor Cevian Capital demanded more. Cevian, ...
W.R. Berkley, State Auto, Guidewire Join Financing for New Digital Vehicle Titling Startup
W.R. Berkley Corp., State Auto Insurance and other industry stalwarts joined a new $8.5 million investment round for Champ Titles, a startup that digitizes the process of vehicle titling. Berkley and ...
Who Is Returning to the Office? Carrier Management Wants to Know
Carrier Management wants to know when, and if, you're planning a return to the office after more than 18 months and counting of the COVID-19 pandemic. Some carriers and other companies in the ...
Goosehead Insurance Aims Beyond Agents With New Online Consumer Platform
Insurance technology company Goosehead Insurance Inc will launch on Wednesday a web-based service aimed at people shopping for personal coverage online, extending its reach beyond traditional agents ...
Ally Financial Will Offer Home Insurance Policies Via Hippo Partnership
U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc, providing capital for the latter to generate more business, the companies told ...