Personal Lines
Carriers Experienced Costliest Two-Year Period Ever for Cat Losses: Aon
Global insured losses stemming from major wildfires, tropical cyclones and severe thunderstorms reached $90 billion in 2018, close to 50 percent higher than the annual average between 2000 and 2017, ...
Homeowners Insurance Startup, Underwriting Platform Form Separate Partnership Arrangements
Home insurance startup Swyfft is partnering with a subscription app designed to help homeowners catch and address issues before they become costly repairs. DataCubes is joining forces with a ...
Tesla Begins Offering Auto Insurance to Its California Customers
Tesla Inc. began offering auto insurance to its vehicle owners in California, touting rates as much as 30% lower without offering much detail. The electric-car maker is offering online quotes through ...
Puerto Rico, U.S. Virgin Islands, Florida Coast at Risk From Hurricane Dorian
Tropical Storm Dorian has been upgraded to a hurricane as it heads toward Puerto Rico with torrential rains. It's expected to gain strength and become the first major hurricane to hit Florida's east ...
Japan Pledges Enhanced Trade Insurance to Boost Private Sector Africa Investment
Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the ...
The Latest Launches From Root Insurance and Zurich North America
Root Insurance is testing a partner's video security and safety system tech as a way to streamline insurance claims. Zurich North America and Wright National Flood Insurance Services, LLC are ...
InsurTech Kin Insurance Raises $47M to Launch Florida Home Insurance Carrier
Kin Insurance, an InsurTech startup focused on home insurance in catastrophe-prone regions, said it has raised $47 million in new venture financing to fuel expansion and a revamped business model. ...
U.S. Cyber Agency: Reducing Chinese Tech Risks Is a Top Priority
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency's top operational priority is reducing the risks ...