Industry News
Berkshire Specialty Treks Into Travel Coverage
Berkshire Hathaway Inc.'s Peter Eastwood, hired last year to expand into more insurance niches, is pushing into travel coverage in the latest challenge to American International Group Inc., his ...Farmers Insurance Class Actions May Signal Wave of Climate-Change Suits
A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding in lawsuits that are the first in what could be a wave of litigation over ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
How Technology Is Quietly Revolutionizing Insurance Distribution: Swiss Re Report
Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. ...
XL Group Exec: Be Mindful of 5 Interconnected Global Risks
In order to succeed, the global insurance industry must be mindful of five interconnected risks that keep the underwriting climate more volatile these days than not, XL Group Chief Enterprise Risk ...
Florida Cat Fund Has $13B as Hurricane Season Starts
Florida is entering a new hurricane season with continued good news. The state-created fund that backs up private insurers in Florida has billions in the bank and appears capable of withstanding a ...
The Hartford Employees ‘Mob’ Small Business to Boost Sales, Show Support
Hundreds of employees of The Hartford showed up at local businesses in 14 cities with money to spend, forming "Hart Mobs" in support of small business. By patronizing local businesses in cities ...
Insured Disaster Losses Higher in Oklahoma Than in Any Other State in 2013
May 20, 2014, marks the one-year anniversary of the deadly tornado outbreak in Moore, Oklahoma, which contributed to the state's designation as the site of the costliest U.S. natural disasters in ...
United Insurance Seeks Better Spread in Florida by Acquiring Sunshine State Insurance
United Insurance Holdings Corp. (UPC) announced Thursday that the company has entered into a non-binding letter of intent to acquire 100 percent of Sunshine State Insurance Company (SSIC), a Florida ...