Personal Lines
Liberty Mutual Rebrands Canadian Operations in Wake of 2017 Ironshore Acquisition
Liberty Mutual Insurance's $3 billion acquisition of Ironshore in 2017 has led to a rebranding of its Canadian operations. The insurer disclosed on Sept. 13 that Liberty International Underwriters ...
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...
Safeco Will Take Over Donegal Mutual’s Personal Lines Biz in 7 States
Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to ...
Hurricane Florence Nears the Mid-Atlantic Coast, as the P/C Industry Keeps Watch
Insurers, catastrophe modelers and brokers are scrambling to prepare for and keep up with Hurricane Florence. The massive storm is slated to bring heavy winds and rainfall to the southeastern and ...
New Guy Carpenter Subsidiary Manages Carrier Quest for Global InsurTech Partners
InsurTech is often touted as the cure that will solve the insurance industry's inefficient and antiquated processes—from distribution to underwriting to claims. While many insurers want to ...
U.S. Flood Insurance Reform Remains Unfinished, a Year After Massive Hurricane Damage
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation's troubled flood insurance program remains stalled in ...
Opinion: Catastrophe Bonds Are a Smashing Success
Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of "cat bonds" has climbed to more than $11 billion this year, about the same as this time in ...
1 Million-Plus Told to Flee Hurricane Florence as Mid-Atlantic States Brace for Storm
Florence was slightly weakened but not unbowed as it continued to barrel toward the U.S. East Coast on Tuesday, with forecasters saying they expect the storm to re-strengthen to near Category 5 ...