Personal Lines
U.S. P/C Industry 2017 Underwriting Loss Even Worse Than 2016: A.M. Best
The U.S. property/casualty insurance industry will likely post a second consecutive year of underwriting losses for 2017, and it will be much worse than the year before, according to a new A.M. Best ...
U.S. Treasury Security Mnuchin Seeks Answers From Consumer Bureau on Equifax Breach
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc after a report that ...
Insurers Can Take on Coverage Gaps as Disaster Costs and Frequency Rise
Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to ...
California Wildfire Insurance Claims Hit $12B Mark, a Record
Insurance claims from last year's deadly California wildfires have reached $11.8 billion, making it the most expensive series of wildfires in state history, an official said Wednesday. The staggering ...
Executives On The Move at CNA, Heritage Insurance and XL Catlin
CNA made two leadership appointments within its Technology and Operations arm. Heritage Insurance Holdings, Inc. appointed a new Chief Financial Officer, a move that will be transitioned in over a ...
Allianz Will Buy Sri Lanka’s Janashakthi General Insurance for $106.3M
Allianz announced it has inked a deal with Janashakthi Insurance PLC (JINS) to acquire its subsidiary Janashakthi General Insurance Ltd. (JGIL) for 106.3 million. The transaction will go through ...
Insurers, Reinsurers Are Taming InsurTech Startups to Suit Their Investment Needs: Willis Towers Watson
Traditional insurers and reinsurers played a big part in fueling InsurTech startup investment momentum in 2017. By doing so, they tamed potential rivals, turning them into a source of technology to ...
AmTrust Allies With Israeli Tech Startups to Modernize Customer, Agent Processes
AmTrust Financial Services, which is in a bid to take itself private, is linking up with a number of Israeli technology startups to help modernize its customer and agent interactions. The New ...