Industry News
Peer-to-Peer Insurance Startup Attracts Funding from Silicon Valley’s Sequoia Capital
Sequoia Capital, a California venture firm better known for funding technology or industry game-changers including Apple, Cisco and YouTube, has put its money behind a property/casualty insurance ...
Cyber Insurance Underwriting Advances to its ‘Teen’ Years in Terms of Experience
Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Allianz’s PIMCO Attracts Bernancke, Ex-British PM to Advisory Board
The bond investing firm Pacific Investment Management Co on Monday named two former central bank chiefs and a former British prime minister to sit on a new board to advise on economic, political and ...
U.S., Cuba Begin Hashing Out Billions in Claims Against Each Other
Cuban and U.S. officials on Tuesday will begin to untangle one of the most complex obstacles to normalization of relations between the two countries: the claims of Americans whose property was ...
U.S. D&O Coverage Declines by Double Digits in Q3
Pricing is plunging for U.S. based directors & officers liability insurance. Aon Risk Solutions' latest quarterly pricing index noted a double-digit decline. Fitch Ratings said that D&O ...
AIG, Lombard General Brace for India Claims Surge After Record Floods
Insurers from Lombard General Insurance Co. to American International Group Inc. are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the ...
Former Catlin Exec to Lead Ironshore’s Europe Expansion
Ironshore is opening new offices in Germany, Switzerland and The Netherlands, with further expansion in Continental Europe expected down the line. What's more, the Bermuda-based specialty insurer ...
Best, Worst States for Insurance Regulation
Vermont, Utah, Iowa, Virginia and Kentucky get an "A" and North Carolina an "F" in one think tank's annual grading of how states regulate the property/casualty insurance industry. The 2015 Insurance ...