Personal Lines
U.S. Insurers Slammed in May by Hail, Tornado, Wind and Floods
Many U.S. insurers face a multi-billion-dollar payout from May's convective storms, which spawned extensive hail, tornado, wind and flood damage across a series of separate events during the month, ...
USAA Will Snatch Up Noblr, a Digital Usage-Based Auto Insurer
USAA plans to snatch up Noblr, an InsurTech digital insurer offering usage-based auto insurance. The company declined to disclose its purchase price, though the deal is expected to close later in ...
Partnerships – Embedded Services Edition: The Zebra/Cinch and Coalition/Intuit
Insurance comparison site The Zebra has partnered with Cinch Home Services to provide home services to P/C insurance policyholders nationwide. Coalition, a cyber insurance managing general agency and ...
Nationwide, Insurify Link on Car Insurance Comparison Quote Tech
Nationwide's customers will gain the ability to get car insurance quotes from multiple insurers through a new digital partnership with Insurify, an insurance comparison platform. The partnership ...
Swedish Activist Investor Buys Big Stake in UK Insurer Aviva
Swedish activist investor Cevian Capital AB has bought almost 5% of Aviva Plc, placing it among the insurer's top three holders. Christer Gardell, managing partner at Cevian, said the Stockholm-based ...
Insurers Could Spend $20B to Implement New International Financial Reporting Standard: WTW Survey
Global insurers face a hefty price tag to implement a new international financial reporting standard, according to a new Willis Towers Watson survey. The global insurance industry will spend between ...
Insurers Accelerate Their Flight to the Cloud: Novarica
Insurers are largely planning to expand their cloud usage into new areas in the coming months, according to a new Novarica study. Approximately 75 percent of insurers said they would expand their use ...
Wildfire Near Misses Spark Greater Push for Mitigation Efforts
As the Missionary Ridge Fire raged in 2002, the Valley Fire, a second fire, broke out and destroyed six homes within hours near the Falls Creek Ranch subdivision north of Durango, Colo. When ...