Personal Lines
Marsh Will Grab Broker Assurance for an Undisclosed Price
Marsh, a global insurance broker and risk adviser, said it is acquiring Assurance, an Illinois-based full-service brokerage. The transaction is taking place through Marsh & McLennan Agency LLC, ...
P/C Insurance Industry Supports New Government Fund to Help Businesses, Workers Harmed by Coronavirus Crisis
The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and ...
Executives On The Move at Root and Allianz
A former Facebook executive joined digital auto insurer Root as its first Chief People Officer. Allianz's Australian operations hired a new chief risk officer.
Ageas Goes AI for Claims Process Via Tractable Partnership
UK insurer Ageas will start using artificial intelligence to create end-to-end assessments and estimates of vehicle damage during a claims process. The move comes thanks to a partnership with ...
Hippo Partners With SimpliSafe to Give Customers Home Alarm Options
Hippo Insurance will enhance its customer offerings through a new partnership with home alarm company SimpliSafe. Hippo, an InsurTech and managing general agent, said the arrangement will add ...
A Longer Coronavirus Crisis Creates Greater Underwriting Loss Uncertainty: Fitch
North American property/casualty insurers will likely face increasing coronavirus-related financial challenges as the pandemic crisis drags on, Fitch Ratings said in a new report. "Claims experience ...
From Free Coverage to Masks, P/C Insurers Try to Alleviate Coronavirus Pressures
While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual ...
APCIA’s Sampson Doubles Down on Voluntary Industry Action to Combat COVID-19 Losses
The head of one of the U.S. property/casualty insurance industry's largest trade associations is doubling down on his opposition of attempts by federal and state governments to make business ...