Industry News
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an ...
CCC: Severe Weather Impacting Collision Repair, Auto Insurance
The auto insurance and repair industry must "adapt to new patterns and prepare for an unpredictable future," according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a ...
Partnership Aims to Reduce Hurricane Damage to Vehicles
A new partnership between fintech car ownership platform Way.com and CURE Auto Insurance promises to protect cars from damaging hurricanes and tropical storms. The initiative, called the Catastrophe ...
U.S. P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best ...
Zurich NA Names Bracken CFO; Hirs Moves to Group Role
Zurich North America has appointed James Bracken as chief financial officer, succeeding Peter Hirs, who returns to Zurich Insurance Group in Switzerland as group head of ...
Wildfire Threats Make Utilities Uninsurable in U.S. West
Trinity Public Utilities District's power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest ...
FEMA Is Ready for Hurricane and Wildfire Seasons, but Money a Concern
The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane ...
Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators
Farmers Insurance officials said they have spoken with employees after receiving an anonymous letter, apparently from a group of in-house adjusters, accusing the insurer of understaffing and ...