Personal Lines
InsurTech Startup Hippo and Elafris Partner on Virtual Agent Chatbot
InsurTech startup Hippo, an online provider of home insurance founded in 2015, and Elafris Inc., the developer of an artificial intelligence messaging platform specifically tailored for the banking ...
January Severe Weather in U.S. Cost Insurers More than $1B: Aon
Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as tornadoes hit a 17-year high, according a report published by Impact Forecasting, ...
Chinese Insurance Regulator Warns Against Reckless Offshore Investment: Report
A senior Chinese insurance regulator warned against the industry's reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities ...
Prem Watsa’s Fairfax to Pay $144M for New Zealand Insurer
Fairfax Financial Holdings Lt. will pay $144 million for New Zealand Insurer Tower Ltd. giving it an instant, significant presence in a growing, emerging market. Tower's board of directors has ...
The Latest Launches From Talbot, Assurant and Marsh
Talbot Underwriting launched three enhanced Lloyd's terror facilities. Assurant found a partner through which it is offering liability and property insurance coverage for vacation homeowners. Marsh ...
BMW Will Resolve Vehicle Water Damage Lawsuit for up to $478M
German automaker BMW AG has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical ...
In Memorium: Chubb, Horace Mann Remember Two Execs Who Have Passed
Both Chubb and Horace Mann Educators Corp. disclosed the deaths of long-time, well-regarded executives. *** John Cox, the founding chairman and first employee of ACE Ltd., died recently at age 84. ...
Amica A.M. Best Financial Strength Downgrade Ends Perfect Rating
Amica Mutual Insurance Company no longer has a perfect financial strength rating from A.M. Best. More catastrophe losses and worsening automobile insurance claims severity are both to blame. ...