Personal Lines
National Flood Insurance Program Gains Extension Until Dec. 8; Reform Talks Continue
President Donald Trump last Friday signed legislation reauthorizing the National Flood Insurance Program until Dec. 8, 2017, which buys more time for Congress to consider reforms of the program. The ...
Qualified Claims Inspectors Needed After Florida/Texas Hurricane Double Whammy
Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars' worth of property damage in less ...
Insurers, Reinsurers Alike See Stock Gains as U.S. Irma Fears Subside
Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma's damage were excessively dire. Giant reinsurers like Swiss Re and Munich Re, which shoulder risks ...
Irma Analysis: Insurer Financial Stress Unlikely If Early Loss Estimates Hold
Before Hurricane Irma made landfall in south Florida on Sunday morning, analysts were assessing the potential damage to property/casualty insurer and reinsurance balance sheets and earnings. On ...
Liberty Mutual Sees Opportunity in Joining P2P Car-Sharing Startup’s $92M Financing
Liberty Mutual's venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual ...
Insurer Shares Slump on Irma Fears; One Pre-Florida Insured Loss Estimate Over $100B
Hurricane Irma continued on a collision course with Miami after devastating a chain of Caribbean islands, triggering the largest evacuation in Miami-Dade County history and threatening to become the ...
FEMA Funds May Run Dry on Friday, Florida Senators Warn
The U.S. Federal Emergency Management Agency will run out of disaster assistance funding on Friday unless Congress approves more money, two Florida senators warned on Thursday. As Hurricane Irma ...
Universal Insurance Holdings Has Plenty at Stake if Irma Hits Florida
As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market ...