Personal Lines
China’s Anbang Insurance Group Sells off Luxury Hotels, Keeps Original Waldorf Astoria
Anbang Insurance Group Co. agreed to sell a luxury hotel portfolio to South Korea's Mirae Asset Management Co., marking the end of the Chinese insurer's short-lived investment in the properties. ...
California Wildfire Victims Balk at Utility’s Plan to Cap Payments
PG&E Corp's plan to cap payments to victims of California wildfires blamed on the power producer is "totally unacceptable," a lawyer representing victims in the utility's bankruptcy case said on ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
The Latest Launches From Coalition, Liberty Mutual/Ironshore and Aon
Coalition launched an incentive program designed to encourage policyholders to implement cyber attack mitigation known as MFA. Liberty Mutual's Ironshore Environmental is introducing a smartphone app ...
Executives On The Move at Liberty Mutual and The Hartford
Liberty Mutual promoted a veteran employee to the position of chief underwriting officer, North America, for its Global Risk Solutions unit. The Hartford appointed a new chief human resources ...
Benefits Abound With Investments in Climate Change Adaptation
Investing $1.8 trillion between 2020 and 2030 in projects to help communities adapt to the worsening impacts of climate change could yield $7.1 trillion in economic benefits, according to a report ...
Root Insurance Secures $350M Financing to Fuel Accelerated Expansion
Root Insurance confirmed it has pulled in a $350 million venture capital infusion, a few weeks after news of the imminent financing leaked early. The Wall Street Journal reported in late August that ...
China Regulators Cap How Much Insurers Can Invest in Their Shareholders
China's banking and insurance regulator on Monday capped how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is ...
Cyber Insurance Loss Risks Are Now Substantial: Guy Carpenter/CyberCube Research
As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential ...