Personal Lines
Carriers Increasingly Dinged by ‘Secondary’ Catastrophe Perils : Swiss Re
The insurance industry must wake up to the growing cost of "secondary" catastrophe perils, which amounted to more than 60 percent of the $76 billion price tag for insured natural catastrophe losses ...
Most Midwest Homes Lack Flood Insurance: A.M. Best
States hit hardest by recent Midwest flooding — including Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than 1 percent, ...
Lemonade’s New $300M Financing Will Propel Expanded Insurance Offerings, European Push
Tech-driven insurance startup Lemonade Inc has signed a $300 million funding round led by Japan's SoftBank Group Corp, the company said on Thursday. Other investors included insurer Allianz SE, ...
Improve Retention and Increase Conversion by Getting the Most Out of Credit Data
In an era when insurers are increasingly reliant on data to automate underwriting and segment risk, lower new business application conversion has put pressure on company expense ratios. This is due ...
U.S. Led the Catastrophe Pack With Major Flood Damage in March
Damage from flooding in March 2019 reached $8 billion from events across the globe, with much of the damage happening in the U.S., according to Aon's "Global Catastrophe Recap – March 2019." "The ...
QBE North America Adds AI Virtual Assistant to Claims Reporting Process
Some QBE North America customers will now interact with an artificial intelligence virtual assistant while reporting claims. The specialist insurer said its TextQBE services will improve and enhance ...
Climate Change Is Sweeping Europe and New Satellite Photos Prove It
Climate change is picking up pace in Europe, thrusting farmers and power generators onto the front lines of a battle with nature that threatens to upend the lives of the half billion people who ...
Chubb CEO Greenberg Continues Push for a More Humane (and Business-Savvy) Immigration Policy
For the second year running, Chubb Chairman and CEO Evan Greenberg is railing against the U.S.'s current immigration policy. Greenberg, without mentioning U.S. President Donald Trump by name, used ...