Personal Lines
Hurricane Laura Upgraded to Category 4; ‘Unsurvivable Storm Surge’ Expected
Hurricane Laura was expected to cause catastrophic damage and "unsurvivable storm surge" to the Gulf Coast near the Texas and Louisiana border after strengthening on Wednesday to a Category 4 storm, ...
The Biggest Market Opportunity in P/C: Flood Insurance
COVID-19 has completely upended the way we do business. Everything from working to doctor appointments and family gatherings has become a contactless experience. The insurance industry, with dual ...
U.S. P/C Underwriting Income Plunges 5.5 Percent in H1 2020
U.S. P/C underwriting income dropped 5.5 percent in the first half of 2020 versus the same period last year. Higher underwriting expenses and policyholder dividends largely connected to COVID-19 ...
Natural Catastrophe Claims Outpaced COVID-19 During 2020 First Half: Fitch Ratings
Here's some pandemic perspective: COVID-19-related claims were not the biggest driver of the North American P/C insurance industry's overall combined ratio during the first six months of 2020. ...
The Latest Launches From Cowbell Cyber and Mercury Insurance
Cowbell Cyber said it has beefed up its signature insurance platform. Mercury Insurance is now offering New York and New Jersey homeowners an app that allows for touchless DIY inspection ...
Hedge Fund Makes $3B From Bet on Wildfire Insurance Claims
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, ...
Pandemic Accelerating Volatile 2020 Political Risk Landscape: Marsh JLT Specialty
The global COVID-19 pandemic has exacerbated an "already volatile political risk landscape," according to a midyear update to Marsh JLT Specialty's Political Risk Map 2020. In fact, all 197 countries ...
One Tropical Storm Weakens; Another Poised to Become a Hurricane
Tropical Storm Laura was strengthening in the Caribbean and poised to accelerate into a hurricane by Tuesday while Tropical Storm Marco weakened sooner than expected, sparing the U.S. Gulf Coast from ...