Personal Lines
U.S. Senators See ‘Actuarial Disaster’ on the Horizon With Flood Risk Rating 2.0
U.S. senators from coastal states are predicting "an actuarial disaster" in the future once FEMA's new flood insurance rating systems goes into full swing. In a press call on Sept. 30, Louisiana Sen. ...
At ITC Vegas 2021, Chubb CEO Greenberg Put InsurTechs in Their Place
Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of InsurTech entrepreneurs, Chubb CEO Evan Greenberg ...
Usage-Based MGA VOOM, Commercial Auto MGA Cover Whale Raise New VC
VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA ...
Crash Analyses: Speeding On Empty Roads; Slow Speeds On Rough Roads
Two sets of researchers published analyses of auto crashes recently, with one set identifying speeding at the cause of fatal accidents during the early days of the pandemic, and the other correlating ...
Carrier Competition Heats Up Over Better Agent Digital Experiences
Agent digital experiences are moving to the forefront of property/casualty insurance carrier tech strategies, according to a survey report published by Celent late last week. Just having a web portal ...
Florida Policies in Limbo Over Proposed Insolvency Surcharge
The Florida Insurance Guaranty Association is urging insurers to hold off on sending homeowners policy renewals until state regulators decide if they will approve a surcharge on premiums to help ...
Digital MGA Roamly Will Start Selling Its Own RV Rental Policies Through Spinnaker Insurance
Digital MGA Roamly will link with Hippo-owned carrier Spinnaker Insurance Company to sell its own insurance for recreational vehicle rentals. Roamly is owned by Outdoorsy, a global online RV rental ...
Undaunted by Delta, Carriers and InsurTechs Proceed Cautiously With Hybrid Home/Office Work Plans
Delta may have damaged post-pandemic return-to-office plans for many industries. For insurers, it appears to be a different story. Large numbers of companies in many industries plotted a return to ...