Specialty
California Wildfire Risks Rise as Heat Climbs and Power Surges Proliferate
An unrelenting heat already frying California is threatening to send temperatures to record levels across the western U.S. this week, raising the risk of wildfires and propelling electricity prices ...
Two Execs at Lloyd’s Insurer TMK Booted After Sexual Harassment Allegations
Two executives at a top Lloyd's of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of ...
Cyber Confusion Underscores Need to Create a Sustainable Cyber Market
There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs ...
BHSI Continue’s European Expansion With New Paris Office Staffed by AXA XL Vet
Berkshire Hathaway Specialty Insurance is continuing its European expansion with a new office in France. BHSI is underwriting property, casualty, and executive & professional lines in France. The ...
American Financial’s National Interstate Will Underwrite Atlas Financial’s Paratransit Book
American Financial Group said that its commercial transportation specialist, National Interstate, will become the exclusive underwriter of Atlas Financial Holdings' paratransit book of business. The ...
U.S. Commercial Prices Rose Just Above 2 Percent in Q1: Willis Towers Watson
Carriers reported that U.S. commercial insurance prices grew just above 2 percent on average during the 2019 first quarter, according to Willis Towers Watson's latest CLIPS survey. Willis Towers ...
California May Expand Practice of Cutting Electricity to Reduce Wildfire Risks
Utility PG&E Corp proactively shut off power on Saturday to around 1,600 customers in northern California and said it might expand the shutdown to tens of thousands more due to an increased risk ...
MGA InsurTech Getsafe Lands $17M Financing to Fuel European Expansion
A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe's new money will help propel an expansion ...