Personal Lines
Hurricane Michael Insured Losses Could Hit Between $6.8B-$10B: RMS
Insured losses from Hurricane Michael now look to be between $6.8 billion and $10 billion, according to a new estimate from catastrophe modeler RMS. That estimate covers insured losses relating to ...
AIG Alert: Florence, Typhoons Will Cause Up to $1.7B in Cat Losses
American International Group Inc. expects to report third-quarter catastrophe losses of $1.5 billion to $1.7 billion from natural disasters including Hurricane Florence and typhoons Jebi and Trami. ...
Lower Cat Losses, Higher Premiums, Helped Make Travelers’ Q3 Results Soar
Property and casualty insurer Travelers Corp on Thursday reported a third-quarter profit that more than doubled, driven by lower catastrophe losses and an increase in premiums and investment income. ...
InsurTech Startups Click2Sure, Jooycar, Attract New Financing
Greenlight Capital Re has invested in another startup, this time a digital insurance platform launched in South Africa. Miami-based private equity firm HCS Capital Partners said it has committed ...
After Applied, Google ‘Definitely’ Looking for Other InsurTech Investments
Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on ...
Net Income Doubled for P/C Insurers in the 2018 First Half
U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, ...
Lemonade Investor SoftBank Will Pump More Money Into Insurance
SoftBank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a ...
Google Invests in Applied Systems, a Maker of Cloud-Based Software for Independent Agencies
Google's investment arm has purchased a minority stake in Applied Systems, an Illinois-based global provider of insurance technology and cloud-based software for independent agencies. Google has ...