Personal Lines
Chubb CEO Greenberg Reiterates a Call for Litigation Reform
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a "systemic" worsening of the legal environment and its ...
Executives On The Move at Hippo, Chubb and Buckle
Hippo hired four new executives in its legal department who will help the company hit the public markets through a reverse merger transaction announced in March. Chubb appointed a rising executive ...
American Family Joins Clearcover’s $200M Funding Round; Digital Auto Insurer Plans Rapid Expansion
Clearcover has secured a massive $200 million round of venture capital financing, and the digital auto insurance startup plans to use the monetary infusion to fuel product development and expansion, ...
The Zebra Raises $150M to Expand Online Insurance Comparison Operations
Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. "This investment is going to be used to grow our team and build our ...
Watford Holdings Closes Purchase of French P/C Insurer
Bermuda-headquartered Watford Holdings Ltd. closed its purchase of Axeria IARD, a French property/casualty insurance company. Watford has acquired 100 percent of the capital stock of Axeria IARD from ...
As La Nina Fades, U.S. Gulf Coast Still Faces Robust Hurricane Risks
La Nina, the cooling of the equatorial Pacific that shifts weather patterns the world over, is fading away. But California may still be prone to dryness, and the U.S. Gulf Coast faces the risk of ...
U.S. P/C Insurers Produced 2020 Underwriting Profit Despite COVID-19 Challenges
Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty insurers saw a statutory underwriting profit for the third consecutive year, with an ...
March U.S. Storms Caused More than $1B in Insured Losses: Aon
An onslaught of U.S. storms and flooding in March caused as much as $2 billion in economic damage. Public and private insurers were likely to see losses surpass $1 billion, Aon plc said in its ...