Industry News
Guy Carpenter Says Wildfire Losses May Exceed $1.75B
A briefing from Guy Carpenter & Co. LLC on Monday shows more than nine million acres were burned by wildfires so far this year, most of that occurring in the Western U.S., and that insured losses ...
Berkshire Hathaway Specialty Now in Australia with Marine Office
Berkshire Hathaway Specialty Insurance Company is now underwriting Marine, Transport & Logistics Liability Insurance in Australia and New Zealand. Barton Phillips, the head of the group, and ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Willis Forecast: Cyber Rates Soar But Price Drops Ahead for Other Casualty
Cyber insurance and professional liability were the only clear outliers in a picture of softening primary insurance prices that now includes casualty lines, a broker report revealed last week. In its ...
PCI Conference Report: Cyber, Property Risks Not So Separate, CTO Says
The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, FireEye Inc. Chief Technology Officer Grady Summers said. ...
Hartford Stock Price Falls After ‘Underwhelming’ Auto Results
Hartford Financial Services Group Inc., the insurer that sold its life units to focus on property/casualty coverage, plunged the most in the 88-company Standard and Poor's 500 Financials Index after ...
KPMG: Driverless Cars Could Drastically Reduce U.S. Personal Auto Insurance Sector
The U.S. personal auto insurance sector could shrink by 60 percent within 25 years as autonomous vehicles catch on, vehicles become safer and both trends reduce the number of accidents, KPMG said in ...
BlackRock: Insurers Turning to Property Bets, Lending
Insurers are increasingly looking to make direct loans and finance commercial properties as central bank policies limit yields on traditional holdings such as government debt and investment-grade ...
UPDATED: Duperreault Reveals Cooperative Millennial Recruiting Effort at PCI Conference
For a while now, Hamilton Insurance Group CEO Brian Duperreault has called for property/casualty insurers to embrace technology and find ways to recruit millennials to help fully unlock its ...