Personal Lines
The Latest Launches From BHSI and American Family/Bold Penguin
Berkshire Hathaway Specialty Insurance Launched two new D&O products in Germany. American Family-owned Bold Penguin debuted two new artificial intelligence-related products designed to help ...
Insurers Plan to Boost Their Private Market Investments: BlackRock
Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, ...
Root Promises 2022 Improvements After Losing $415M This Year Through Sept. 30
Root has lost more than $415 million from January through September 2021, almost double the same period a year ago. The Ohio based digital auto insurer also took year-to-date hits on net premiums ...
AXIS Joins Carriers’ Increasing Embrace of Pet Insurance
AXIS Insurance has become the latest carrier to enter the pet insurance market. The Bermuda-based specialty insurer, a business segment of AXIS Capital Holdings, Ltd., joins the pet insurance market ...
The Hartford and Neptune Flood Launch New Climate Change Initiatives
The Hartford will invest $2.5 billion over the next five years in technologies, companies and funds advancing the transition to renewable energy and addressing climate change. Neptune Flood said it ...
U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon
Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the year is complete, according to a new Aon report. "October is typically ...
Climate Change Puts Financial Heat on Insurers and Policyholders Alike
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of ...
Investor Ire Over Lemonade’s Metromile Deal Overshadowed Generally Encouraging Q3 Results
Lemonade's decision to acquire struggling pay-per-mile auto insurer Metromile, along with a loss ratio that spiked higher, initially drowned out news of otherwise encouraging results from the ...