Personal Lines
Powered by Homegrown InsurTech, HCI to Expand Flood Insurance Sales to 9 States
As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn't waiting to wade deeper into the private flood ...
Chubb Makes Cyber Risk a Global Standalone Business; Focus Will Be on Next-Gen Needs
Chubb is making its Cyber Risk practice a standalone business and bringing in an executive from a D.C.-area management consulting firm to lead it. Bill Stewart is the new division president of ...
Connecticut Insurers: Homes Must Fall Down to Be Eligible for Coverage
Connecticut residents whose home foundations are crumbling face a perplexing problem with their insurance policies: The damage won't be covered unless their homes collapse. More than two dozen ...
The Latest Launches From The Hartford, The Hanover Insurance Group and More
The Hartford is eyeing nonprofit groups with new features added to its flagship management liability offering. Separately, The Hanover Insurance Group beefed up an important product with new ...
Nonstandard Auto Loss Ratios Worst in Decade: A.M. Best
Loss ratios and operating ratios for the U.S. nonstandard auto insurance market fell to their worst levels in a decade, according to a new report from A.M. Best. Escalating repair and medical costs, ...
‘Hydrological Extremes’ Become ‘New Normal’
Texas struggled through its driest year in history in 2011. Four years later was its wettest ever. The Mississippi River rose to all-time-high flood levels in 2011. In 2012, it hit its second-lowest. ...
Auto Insurance Startup Root Expands, Links With Lyft on Car Rental Alternative
Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an ...
The Latest Launches From Swiss Re/Ping An and Chubb
Swiss Re and Ping An Property & Casualty Insurance Company in China debuted a new product for the China market. Chubb said it has once again updated coverage options for technology companies ...