Personal Lines
Heritage Insurance Gains Larger Regional Presence With $250M Narragansett Bay Acquisition
Heritage Insurance Company has completed its $250 million acquisition of Narragansett Bay Insurance Company, a deal that it said will create a personal lines carrier with a presence in 11 states. ...
Late 2017 Hurricanes Could Spur 2018 Insurance M&A Spree: Clyde & Co. Prediction
Hurricanes Harvey, Irma, Maria and Nate broke records in late 2017 in terms of damages and insured losses. The strains they have caused on the marketplace could spur a wave of M&A activity a ...
Chubb’s Estimated Q4 California Wildfire Losses Surpass $200M
California wildfires from earlier this fall will likely slam Chubb with sizable fourth-quarter catastrophe lost costs. Those numbers are significantly lower, however, than the insurer's Q3 hits from ...
Lloyd’s Has Paid Claims of $1.7B for Hurricanes Harvey, Irma & Maria—So Far
The Lloyd's market has paid claims worth $1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year, Lloyd's estimated a total commitment of $4.8 billion for the three ...
Turo: The Insurance Question
The editors of Carrier Management wondered about insurance questions surrounding one of the sharing economy innovations described in Dennis Chookaszian's accompanying article—the car sharing ...
U.S. Asbestos Payments Grow in 2016; Incurred Losses Drop: A.M. Best
While U.S. asbestos-related incurred losses dropped in 2016, insurance payments grew 9 percent and hit $3.2 billion for the year, a new A.M. Best report concludes. The $3.2 billion figure exceeds the ...
Patriot National Will Reorganize for Acquiring Lenders; Subsidiaries to File Chapter 11
Patriot National Inc., which provides technology, outsourcing and underwriting services to the insurance industry, has announced a plan of reorganization as part of a restructuring support agreement ...
Spike in Drone Use Places Airlines, Business Jets at Risk: FAA Research
The millions of small civilian drones plying the nation's skies can cause significant damage to airliners and business jets in a midair collision, new research commissioned by the U.S. Federal ...