Personal Lines
Germany, China Cooperating to Ease Market Access for Insurers, Banks
Germany and China are working on ways to improve market access for each other's banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States ...
Fortellix Raises $14M to Automate Generation of Safety Data for Driverless Vehicles
An Israeli-based startup focused on automating the generation of safety verification data for autonomous vehicles has raised a $14 million Series A financing round. Fortellix raised the money from ...
Policygenius Enters P/C World With Auto and Home Options
New York-based online insurance marketplace Policygenius announced Tuesday that it is expanding from life and disability insurance to offer home and auto as well. Licensed nationwide, Policygenius ...
Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis
Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011's annual market losses of $120 billion, according to Willis Re. However, the ...
Failure to Reduce Climate Change Is Among Top Global Risks: WEF
The risk that global efforts to tackle climate change will fail has risen despite concerns about powerful storms, floods, and droughts, a survey released by the World Economic Forum said on ...
High-Net-Worth Insurer Berkley One Expands, Debuts Flood Cover in Select Markets
W.R. Berkley Corp.'s Berkley One is expanding into two more states and launching its flood insurance cover in new markets. Berkley One, an ultra-high-net-worth personal lines insurance brand, is now ...
Arch Warns Q4 Pretax Cat Losses Could Reach $130 Million
Arch Capital Group Ltd. is warning that it faces between $110 million to $130 million in pretax catastrophe losses for the 2018 fourth quarter. The Bermuda-based insurer and reinsurer blamed the ...
An El Niño Seems Likely to Emerge This Spring
There is a 65 percent chance of an El Niño weather pattern emerging during the northern hemisphere spring this year, a U.S. government weather forecaster said on Thursday. "However, given the timing ...