Personal Lines
March U.S. Storms Produced $3B in Economic Losses, Plenty of Business Interruption Problems
The U.S. dealt with $3 billion in economic losses during March, thanks to a number of winter storms that caused multistate damage, travel delays and business interruption problems, according to Aon ...
FEMA Shifts More Risk to Private Markets With First NFIP Catastrophe Bond
In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) ...
14 Named Storms Predicted for ‘Above Average’ 2018 Atlantic Hurricane Season
After the costliest Atlantic hurricane season in history last year, early forecasts indicate 2018 will be above average. Look for 14 named storms, and there's a greater than normal chance of a major ...
Can Driver Data Predict Collisions Before They Happen?
Smartphones have transformed the way we interact with the world. They've replaced our watches and wallets. They've become portable movie theaters and libraries. They've even redefined how we interact ...
The Latest Launches From XL Catlin, W.R. Berkley Corp. and Allied World
XL Catlin beefed up its online underwriting platform for design professional brokers with new bells and whistles. A W.R. Berkley Corp. unit has developed a new travel insurance policy and expanded ...
Better Ways Needed for Human Drivers to Take Over Autonomous Vehicles When Necessary: Experts
Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and ...
Anbang Insurance Gets $9.7B Infusion From Chinese Govt. After Fraud Alleged
China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company's former chairman was accused of masterminding a ...
MGAs Are Increasingly Taking on Carrier Business Practices
Among the most profound changes in commercial insurance over the past decade has been the growing role of managing general agencies (MGAs) as measured by premium volume and by the growing scope of ...