Personal Lines
U.S. Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry's 2021 bill for weather-related claims well above the predicted $105 billion, industry ...
Florida’s Citizens Seeks Maximum Rate Hike for Homeowners
The board of governors for Citizens Property Insurance Corp., Florida's state-backed insurer of last resort, wants the maximum allowed rate increased – 11 percent for next year and 12 percent for ...
Record Rainfall, Floods Across Globe Generated Billions in Economic Damages in November: Aon
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon's monthly Global Catastrophe Recap report, ...
Chubb Beefs Up North America Commercial P/C Leadership With Two New Appointments
Chubb made two new appointments designed to bolster the leadership of its North America commercial property and casualty businesses. Seth Gillston, Chubb's current Private Equity and Real Estate ...
Canada’s Co-operators General, Sovereign General Earn AM Best Ratings Upgrades
Ratings agency AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to "a" (Excellent) from "a-" (Excellent) of Co-operators ...
Biden’s Nominee for Auto Safety Regulator Promises to Confront Jump in Traffic Deaths
President Joe Biden's nominee to serve as the top auto safety regulator will vow to address the massive increase in U.S. road deaths, according to congressional testimony seen by Reuters. Steven ...
Former CoverHound CEO Moore Joins Olive.com as a Lead Advisor
InsurTech InsurTech entrepreneur Keith Moore has a new gig: Executive Advisor to olive.com, a digital vehicle protection plan platform. More was chairman and CEO of CoverHound a digital ...
Active 2021 Hurricane Season Revealed ‘Unsettling’ Trends: AIR Worldwide
The 2021 Atlantic hurricane season was the third most active on record and the sixth consecutive year of above-average hurricane activity. Still, the overall season was mostly in line with the ...