Personal Lines
Insured Losses Exceed $421M From January’s Calif. Mudslides
A series of deadly mudslides along Southern California's coast in January caused more than $421 million insured losses, the state's insurance commissioner said on Monday. Insurers received more than ...
The Latest Launches From Everest Re and AIG’s Travel Guard
Everest Re Group is now offering a broad cyber insurance policy that provides risk mitigation/remediation services to companies in multiple industries. A division of AIG has launched in Canada a form ...
Travelers Survey Provides New Insights Into Distracted Driving Behavior
Most drivers who respond to personal texts, emails and calls while driving said they do so because they are afraid of an emergency or missing out on something important, according to a new survey ...
An Expected 8% Rise in NFIP Average Premiums May Not Stave Off Shortfalls
A typical premium charged by the National Flood Insurance Program is slated to rise about 8 percent in the coming year, with the estimated average premium going from $866 to $935. When various ...
Dispatches From InsurTech Survival Island: Five Takeaways From Statutory Financials (Part 3)
Founders and investors in InsurTech carriers need to prepare themselves—mentally and financially—for a long rough road to profitability, and they need to find reinsurers who are both flexible and ...
Dispatches from InsurTech Survival Island: Five Takeaways From Statutory Financials (Part 2)
Statutory financial statements are painting an unattractive picture for three InsurTechs that have chosen to become real insurers so far. In Part 1 of this three-part article, we revealed that loss ...
Dispatches From InsurTech Survival Island: Five Takeaways From Statutory Financials (Part 1)
"All the insurance players will be InsurTech" is a phrase we have uttered on many occasions in the past few years, but some InsurTechs have chosen to be insurers. Real insurers. Which means they file ...
AIG CEO Duperreault Has Hired or Promoted at Least 13 Senior Execs in First Year
Brian Duperreault has hired or promoted from within at least 13 senior executives at American International Group since he rejoined the insurance giant nearly a year ago. Duperreault, in his letter ...