Industry News
Top 10 States for Lightning Claims in 2013: I.I.I., State Farm Analysis
According to the Insurance Information Institute, Georgia was the top state for lightning claims in 2013. The state had an estimated 11,184 claims paid to policyholders, totaling $56 million. Texas, ...
American Family, Microsoft Team Up on Startup Accelerator; Ventures to Create Smarter Homes
On Tuesday, Microsoft Corp. and American Family Insurance announced they are launching a unique business accelerator for startups focused on home automation. The accelerator will help the next ...
Aspen Opens Miami Hub for Expansion in Latin America
Aspen Insurance said it is expanding its presence in Latin America with the opening of a regional hub in Miami, joining a group of insurers and reinsurers that have also located Latin American ...
Lighting Losses Fell for Insurers in 2013, But Average Claim More than Double Since 2004
Insured losses to homes from lightning strikes in the United States fell to their lowest level in a decade last year, as severe thunderstorm activity eased from near-record levels and dry weather ...
ANV Launches Cyber.Media MGU for U.S. Main St. Biz Backed by James River
ANV Holdings BV, a Dutch specialty insurance business, announced the opening of a U.S. managing general underwriter Thursday, focusing on communications and data security risks for "Main Street" U.S. ...
1990s Soft Market Redux? Not Quite, But Global Re Outlook Negative, Says Moody’s
In June, Moody's Investors Service changed its outlook on the global reinsurance sector to negative from stable, noting that the current soft market has traits similar to the one that persisted in ...
Aon CATstream Expedites Cat Bond Coverage for Cedents
Aon Benfield Securities, the investment banking division of Aon Benfield, announced Wednesday that it has launched a new client facility that offers cedents faster and more efficient access to ...
Marsh to Acquire Majority Stake in Panama-Based Broker Semusa
Marsh has reached a definitive agreement to acquire a majority stake in Semusa, a leading insurance broker and advisor in Panama and Marsh's long-standing local correspondent broker, the company ...