Industry News
Insurers’ Digital Claims Tools Failing Customers: J.D. Power
Calling the trend "worrying," J.D. Power's new property claims satisfaction report indicated that insurers' digital tools to speed the claims process are not pleasing homeowners insurance customers, ...
States Look to Remove Legal Protections for Gun Industry
Mass shootings in America invariably raise questions of fault. The police's delayed response outside an elementary school in Uvalde, Texas. A district attorney's failure to prosecute the alleged Club ...
Berkshire Hathaway Reports First Underwriting Loss Since 2017, Drop in GEICO Staffing
Berkshire Hathaway recorded its first full-year underwriting loss since 2017—but a small one—as strong profits from reinsurance operations were almost enough to counterbalance the deteriorating ...
Liberty Mutual Tackling U.S. Personal Lines Challenges
The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in ...
Root Books Another Loss; Stays Positive on Embedded Insurance
Calling embedded insurance the "next secular trend in distribution," Root Inc. CEO Alex Timm in a letter to shareholders said the company has an advantage to scale access in the channel and become ...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keep pouring in. The catastrophe risk modeling firm ...
The Latest Launches from Coalition, CFC, Chubb
Coalition, an active insurance provider, announced the expansion of its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company's increased capacity ...
Post-Brexit Insurance Reform Expected Before December: BoE’s Woods
The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a "very good sense" of the ...