Industry News
Creating Conditions for Private Flood Insurance Market
New technologies and a better understanding of flood risk may have increased private insurers' interest in providing flood insurance but real obstacles remain to the private sector getting involved. ...
KKR Investing $2.4M in Sedgwick Claims Management Services
Sedgwick Claims Management Services Inc., a leading provider of technology-enabled claims and productivity management solutions, announced Monday that global investment firm KKR, together with ...
Consolidating Reinsurance Towers to Gain Efficiencies
In addition to raising capacity and lowering reinsurance prices, the influx of new capacity from the capital markets is driving more flexible reinsurance terms and efficiencies that primary insurers ...
Eight P/C Insurer Insolvencies in 2013 are Below Average: A.M. Best
There were a total of eight property/casualty insurers and one life/health insurance company that became financially impaired in 2013, according to A.M. Best. Of the nine impaired companies, eight ...
Berkshire Hathaway Specialty to Acquire MyAssist and Insure America
Berkshire Hathaway Specialty Insurance said it has agreed to purchase the assets of MyAssist Inc., a live-agent personal concierge and telematics service provider, and Insure America LLC, a niche ...
11 States Battle Drought, Heightened Wildfire Risk
Federal officials have designated portions of 11 drought-ridden western and central states as primary natural disaster areas, highlighting the financial strain the lack of rain is likely to bring to ...
Data Theft Nearly Impossible to Beat, Say Davos Executives
Fighting online data fraudsters is almost impossible as their ability to hack into new technology often outpaces companies efforts to protect it, senior businessmen and bankers gathering for the ...
Tonga Receives First Payout from Pacific Insurance Pilot for Cyclone Ian
The World Bank said that Tonga will be the first country to benefit from a payout under the Pacific Catastrophe Risk Insurance Pilot and will receive an immediate payment of US $1.27 million towards ...