Industry News
Chubb Gets Its Paws on Pet Insurance MGA
Chubb announced a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specializing in pet insurance, from Aon plc. Financial terms of the deal, which is expected ...
The Latest Launches: Click for Cyber Insurance
Corvus Insurance and Zywave recently announced updates and launches aimed at speeding cyber insurance renewals and quotes. Another InsurTech, Mulberri, announced an embedded cyber insurance option ...
P/C Insurance Execs, Underwriters Out of Sync on Advanced Tech
The traditional ways in which insurers underwrite risks are inadequate to accurately assess and price evolving risks associated with natural catastrophes and technological innovation, according to ...
Global Insured Natural Disaster Claims Again Dominated by Severe U.S. Storms: Gallagher
Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with U.S. claims accounting for more than $15 billion, or 75 percent, of the first-quarter total, ...
Going, Going, Gone: ‘Disruption’ to Shrink Traditional Premiums for Auto
Before the end of the current decade, the personal auto industry is likely to see a peak—and then a subsequent lasting decline—in premiums for conventional auto coverage, consultants from ...
MGM Resorts Sues FTC to Stop Investigation of Casino Hack
MGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack last year. The company said the investigation deprives it of its ...
Progressive Gains as Drivers Shop Around for Auto Insurance—Again
Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices late last year, a new study of consumer behavior finds they're back to shopping ...
Cat Losses, Auto and HO Price Hikes Continue at Allstate
The Allstate Corporation announced estimated pretax catastrophe losses of $328 million for the month of March, bringing total pretax cat losses for the quarter to $731 million. The first-quarter ...