Personal Lines
Chubb CEO Greenberg on COVID Loss Predictions, Cyber and Rioters
COVID-19-related underwriting losses for the property/casualty insurance industry remain on track to reach as high as $80 billion, Chubb Chairman and CEO Evan Greenberg said in a sober assessment of ...
The Latest Launches From Slice Labs and Cowbell Cyber
Slice Labs is debuting an automated claims settlement feature in its cloud services platform for carriers. Cowbell Cyber launched a new program designed to boost risk management services for its ...
Allstate’s Net Income Grew 52 Percent Higher; Auto Underwriting Improved
Insurer Allstate reported improved auto underwriting results and strong investment returns for the 2020 fourth quarter. Net income was up 52 percent to $2.6 billion for the quarter compared to net ...
China’s Ping An Insurance Reports First Annual Profit Drop Since 2008
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Wednesday reported its first annual fall in profit since 2008, as COVID shutdowns hampered business growth. The ...
Chubb’s Q4 Net Income Jumped Partially From Commercial P/C Rate Hikes
Two key words for Chubb's 2020 fourth quarter turned out to be "significantly higher." Chubb's net income grew significantly higher, as did its net premiums written, which expanded by double digits ...
Climate Change Forcing Ocean Levels to Rise More Quickly Than Anticipated
Climate change is causing oceans to rise quicker than scientists' most pessimistic forecasts, resulting in earlier flood risks to coastal economies already struggling to adapt. The revised estimates ...
K2 Backs Reciprocral Exchange Seeking to Insure Florida Mobile Homeowners
Insurance services holding company K2 Insurance Services and New York based private equity firm Lee Equity Partners have formed American Mobile Insurance Exchange (AMIE), a reciprocal exchange that ...
Insurance Verification Platform TrustLayer Raises $6.6M
TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors, insurance agencies and others. "We're honored to have the ...