Personal Lines
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
Expect Wide Global Adoption of Telematics-Based Auto Insurance: Study
Global use of usage-based auto insurance will explode in the next 7 years, a new industry analysis asserts. IHS Inc.'s IHS Automotive said that 142 million customers will sign up globally for the ...
Insurers Will Both Suffer and Endure in Wake of Alberta Wildfires: Ratings Reports
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to ...
Drones Deployed to Find Cause of Alberta Wildfire
Fire-ravaged Alberta will use drones to investigate the cause of a huge blaze that has scorched the Canadian province and displaced some 88,000 people. Elevated Robotic Services, which has also ...
Anbang Insurance Reportedly Drawing Scrutiny from Chinese Regulators
China's insurance regulator is planning to send inspectors to Anbang Insurance Group Co., a person with knowledge of the matter said, after the watchdog stepped up scrutiny of insurers' investments ...
The U.S. Mortgage Insurance Market Has a New Player: JLT Re
Reinsurance broker JLT Re has launched a new operation in North America – JLT Re Global Mortgage Solutions — to offer insurance and reinsurance to government-sponsored entities, mortgage ...
Alberta Wildfire Could Cost Insurers Close to $7 Billion
A wildfire in the Alberta city of Fort McMurray could cost insurers as much as C$9 billion (U.S. $7 billion) making it by far the costliest ever Canadian natural disaster, according to research by ...
Russian Criminals May be Selling Hundreds of Millions of Hacked Email Accounts
Hundreds of millions of hacked usernames and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters. The discovery of 272.3 ...