Personal Lines
California, Battered by Wildfires, Rejects Trump’s Proposed Clean-Air Plan Rollbacks
With his proposal to roll back fuel economy and emissions standards for cars and trucks Thursday, President Donald Trump drew a line in the California sand. The nation's most populous state wasted no ...
$500M Cat Bond Set to Expand FEMA’s Flood Reinsurance Plan
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets ...
Berkshire Hathaway’s Insurance Underwriting Returns to Profit, Driving Successful Q2
This year's looking brighter for Berkshire Hathaway Inc.'s insurance businesses after 2017's hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the ...
Price Increases, Investment Income, Organic Growth Propel The Hanover’s Q2
Price increases, a jump in net investment income and organic business growth helped give The Hanover Insurance Group a strong second quarter. The Hanover booked $99.3 million in net income during Q2 ...
German InsurTech Wefox, Survivor of Tussle With Lemonade, Nears Massive Financing
Wefox, one of Europe's fastest-growing insurance technology firms, is close to settling on a new "triple-digit million" euro funding round, with Softbank's Vision Fund among the suitors, three ...
AIG Will Expand the Mission of Its Newly-Created Reinsurer DSA Re
American International Group's newly-created reinsurer designed initially to back old policies it has will expand its focus to the broader industry. The insurance giant said that it, along with The ...
National Flood Insurance Program Wins Yet Another Short-Term Extension
Congress avoided a lapse in the federal flood insurance program when the Senate voted 86-12 on July 31 to extend authorization for the program by four months to Nov. 30. The National Flood Insurance ...
The Latest Launches From Chubb and AXIS Capital Holdings
Chubb is partnering with a company to offer a cyber loss mitigation service to certain policyholders in the UK and Ireland. AXIS Capital Holdings Ltd. designed to, in part, scout out new technologies ...