Industry News
Beazley, Aspen and Brit Unveil Joint Cyber Consortium at Lloyd’s
Beazley has joined forces with Lloyd's syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium. The consortium will focus on providing robust data breach ...
Chile Quake Caused $600M-$900M in Insured Losses: AIR Worldwide
The magnitude 8.3 earthquake that struck Chile's central coast on Sept. 16 caused between $600 million and $900 million in insured losses, AIR Worldwide said in an estimate of the destruction's ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Most Drivers Bring Their Pets as Passengers Without Restraints, Risking Accidents
There's an auto liability issue at play that many may not think about. A large majority of drivers bring their pets as passengers and most avoid using restraints to keep them safe, risking accidents, ...
Is the Insurance Industry Going to the Origami Dogs—or Their Creators?
An unhappy customer arrives at the office of an insurance company executive by limousine to discuss concerns about the company's service. The scenario may not seem typical unless you're the CEO of an ...
Californians, Beset by Wildfires, Pursue High-Risk Insurance Market
There are lots of reasons people live in California's Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, ...
Zurich Insurance Ends Proposed RSA Bid to Address China Hit and Unit Loss
Zurich Insurance Group AG on Monday abandoned its proposed $8.7 billion bid for British insurer RSA Insurance Group PLC after forecasting a $200 million loss in its general insurance business in the ...
Monte Carlo 2015: Reinsurance Adapts to New Realities
The annual Rendez-Vous de Septembre in Monte Carlo, Monaco traditionally focuses on one or two signatory concerns within the industry. This year, things were different. The 2,700 registered attendees ...
Customers Love Amica for Homeowners Insurance; Erie Reigns with Renters
Amica Mutual tops all other carriers in terms of homeowners insurance customer satisfaction for the second year in a row. Erie Insurance scored a similar number-one slot in terms of renter insurance, ...