Personal Lines
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 ...
Residents, Oil Production at Risk From Twin Storms Taking Aim at U.S. Coast
Coastal residents in low-lying areas of Louisiana and Cuba were evacuating on Sunday, while roads turned to rivers in Haiti's capital city, as twin hurricanes threatened the Caribbean and U.S. Gulf ...
Allstate’s July Catastrophe Losses Negated by Payments From California Utility
The Allstate Corp. reported more than $145 million in pretax catastrophe losses in July, thanks mostly to a hurricane and a few other storms. But that was more than offset by subrogation recoveries ...
Multiple Disasters Converge Simultaneously in California
Californians are in their sixth month of sheltering in place because of a pandemic that's killed more than 11,000 residents. Now a new crisis — hundreds of wildfires — is forcing people to ...
Chubb Is Now the U.S. Open’s Official Insurance Sponsor
The U.S. Tennis Association announced that insurance carrier Chubb has become the official insurance sponsor of the U.S. Open under a multi-year agreement that begins immediately. Chubb's branding ...
Chinese InsurTech Waterdrop Raises $230M From Swiss Re, Others; U.S. IPO Planned
Chinese online insurance technology platform Waterdrop Inc has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday. ...
COVID-19 Pandemic Takes Particular Toll on Younger Employees
The coronavirus pandemic has taken its toll, particularly on younger employees. Gen Z employees – those born starting in 1995 – were three times more likely than all other employees since the ...
State Auto Plans Broad Rollout of Agent Platform Developed With Amazon
State Automobile Mutual Insurance Company is planning a national rollout of a platform designed with Amazon to help independent insurance agents better serve the insurer's policyholders. A beta ...