Personal Lines
Private U.S. P/C Insurers Generated Record Surplus in H1 2019
Private U.S. property/casualty insurers produced a record surplus in the 2019 first half, driven up by carriers' income and unrealized capital gains, Verisk and the American Property Casualty ...
Hurricane Dorian Ties an Atlantic Hurricane Landfall Record: Aon
Hurricane Dorian's early September onslaught in the Bahamas, North Carolina and Canada produced total economic and insured losses in the billions, according to Aon's monthly Global Catastrophe Recap ...
AXA Reportedly Considers Selling Off Its Central European Biz
French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said. AXA is ...
As the Private Flood Market Grows, Claims Professionals Will Be Tested
A nudge into the market by carriers offering private flood insurance is becoming more of a shove, which might bring new opportunities for claims adjusters and maybe create a more efficient claims ...
Insurance Site Struggles With Google’s Escalating Costs
"Where's the best place to hide a body? The second page of a Google search." The gallows humor shows that people rarely look beyond the first few results of a search, but Lee Griffin isn't laughing. ...
Japan Typhoon Death Toll Hits 43; 110,000 Rescuers Sent In
Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake of the most powerful typhoon to hit the country in decades, which left ...
Cambridge Mobile Telematics and Investor SoftBank See $$$ in Autonomous Vehicles
As of 2018, Cambridge Mobile Telematics was in a sweet spot. The Massachusetts-based company launched in 2010 was independent and had become profitable. Its technology used by insurers and others to ...
EU Warns Next-Gen 5G Networks Present Increased Cybersecurity Risks
The European Union warned on Wednesday of the risk of increased cyber attacks by state-backed entities but refrained from singling out China and its telecoms equipment market leader Huawei ...