Personal Lines
Hurricane Maria Could Tip Scale Above $100B for Q3 Insured Losses: Morgan Stanley
Insurers and reinsurers alike will see Q3 insured losses that risk surpassing $100 billion in the wake of Hurricanes Harvey, Irma and Maria as well as two major earthquakes in Mexico, Morgan Stanley ...
InsurTech Innovation Updates From Lemonade and Roost
Lemonade has come out with a new product that offers new and existing members a "zero deductible" upgrade, letting them make up to two claims annually with no deductible payments or rate hikes. ...
The Latest Launches From Chubb, Travelers, Guy Carpenter and Beazley
Chubb debuted a new package insurance project targeted to businesses of a certain size in Australia. Travelers is now offering an online tool to help contractors identify areas surrounding a jobsite ...
S&P Revises Berkshire Insurance Subs’ Outlook to Negative
While affirming the "AA+" financial strength and long-term counterparty credit ratings on Berkshire Hathaway operating insurance subsidiaries, S&P Global Ratings said Monday that it revised the ...
Modelers Publish More Disaster Estimates; Maria Could Cost $85B
Estimates of industry losses for recent hurricanes and the earthquake in Mexico are still being tallied by catastrophe modeling firms. Among the latest are these from RMS and AIR Worldwide. • ...
Harvey, Irma Could Threaten Record Homeowner/Rental Insurer Customer Service Scores: J.D. Power
Homeowners and renters are giving record-high customer satisfaction scores to their insurers, but Hurricanes Harvey and Irma could place those numbers in jeopardy as property losses mount, J.D. Power ...
V2V Driverless Technology Regulations Stall Under Trump
The technology that gives cars superpowers to see around corners and through walls won't be on the first self-driving rides hitting the road in the next few years. Vehicle-to-vehicle communication ...
Over Half of Allstate $553M August Hurricane Harvey Losses Were Auto Claims
Hurricane Harvey slammed The Allstate Corp. with an estimated $553 million in catastrophe losses in August, the insurer said. More than half related to auto claims. The pre-tax gross estimate is a ...