Personal Lines
Expect Up to $19B in Losses With a U.S. Cloud-Computing Failure
A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd's of London ...
Travelers Produces a Q4 Profit Despite Catastrophe and Tax Cut Hits
Travelers took a big Q4 hit from a tax-cut-related charge and catastrophe-related expenses but still pulled in a profit. The insurer booked $551 million in net income, or $1.98 per share, during the ...
Liberty Mutual Will Sell Life Biz to Lincoln Financial for $3.3B; P/C Operations Reorganized
Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses. The Boston-based global insurer said it will ...
Armed With a $25M Infusion, Hippo Envisions National Homeowners Insurance Expansion
Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and ...
Berkshire Hathaway Vice Chairman Jain Holds $109M in Company Shares
One of Warren Buffett's top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett's ...
Trump Tax Cut: Potentially Big Bottom Line Benefit to U.S.-Domiciled Companies
Federal tax reform was a big topic of discussion at the Insurance Information Institute's 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law ...
Guidewire Software Teams With Global Startup Platform Plug and Play
Guidewire Software said it joined up with global startup platform Plug and Play to help promote technology innovation in P/C insurance. Specifically, Guidewire will work with certain Plug and Play ...
Global Elite’s Biggest Risk Worries: Cyber Attacks and War in the Age of Trump
The threat of large-scale cyberattacks and a "deteriorating geopolitical landscape" since the election of U.S. President Donald Trump have jumped to the top of the global elite's list of concerns, ...