Personal Lines
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 ...
UPDATED: Expect Many More Hurricane Harvey Loss Estimates Before Specifics Are Clear
More than a week since Hurricane Harvey struck Houston and the surrounding Texas and Louisiana coastlines, catastrophe modeling firms and others continue to issue estimates for economic and insured ...
InsurTech Drone Startup Betterview Raises $2M From Maiden Re, Others
Betterview, an InsurTech startup focused on capturing and analyzing data from drones, has raised just over $2 million in venture financing. Compound Venture Capital led the $2.05 million seed round. ...