Personal Lines
$7B in Insured Losses: Karen Clark & Co.’s Hurricane Matthew U.S. Tally
Hurricane Matthew path of damage through coastal Florida, Georgia, South Carolina, North Carolina and Virginia, likely led to nearly $7 billion in insured losses, according to Karen Clark & Co. ...
Samsung Risks $17B Hit After Pulling Galaxy 7 From Market a Second Time
Samsung Electronics' worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ...
North Carolina Suffering Deepens From Hurricane Matthew Damage
Flooding in the aftermath of Hurricane Matthew has displaced several thousand people in North Carolina, and authorities were helping more evacuate on Tuesday as swollen rivers threatened a wide swath ...
Emerging Markets Likely to Gain Bigger Share of Global P/C Business: JLT Re
Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re. The emerging economies examined in the ...
Esurance Sweepstakes Offers $10,000 for Those Looking to Leave the Country Following Election
Esurance is offering an Election Insurance Sweepstakes that will award one winner $10,000 toward a chance to explore a new homeland following this fall's election. The insurer created the sweepstakes ...
Hurricane Matthew Aftermath Leaves Hundreds Stranded in North Carolina Floods
Hundreds of people were rescued by boat and helicopter as floodwaters inundated North Carolina towns on Monday in the wake of Hurricane Matthew, and officials warned that life-threatening flooding ...
Unusual Move: Lemonade Reveals Data From Initial 2 Days of Operation
Lemonade, the peer-to-peer InsurTech startup that launched only a few weeks ago on Sept. 21 selling renters and homeowners insurance in New York, sold 142 policies and generated $14,300 in gross ...
Allianz, Toyota, BMW Seal Data-Sharing Deal With Autonomous-Tech Firm
Global automakers Toyota, BMW and insurer Allianz will license technology from Silicon Valley start-up Nauto, which uses cameras and artificial intelligence systems in cars to understand driver ...