Industry News
Property Market to Harden More: MMC’s Doyle
While the total impact of Hurricane Ian won't be realized for some time, the effect on an "already stressed property market will be significant," said John Q. Doyle, group president and chief ...
All The Latest Insurance Company Estimates: Hurricane Ian Losses (as of 10/20)
A recap of individual company estimates, net of reinsurance, summing to over $7.5 billion as if Oct. 20 is presented below. (Editor's Note: After the table was compiled, Munich Re disclosed its ...
Thousands of New Independent Agencies Opened During Pandemic: Study
The number of independent insurance agencies has increased and business conditions for agencies remain favorable, according to the 2022 Agency Universe Study. While the majority of agencies ...
After Ian Swamped His Office, Florida Insurance Agent Picks Up the Pieces
In the days following Hurricane Ian's U.S. landfalls, John Gardner found himself in a position no insurance agent would like to be in: no office to work in, no electrical service and no Internet, but ...
CEOs of Travelers, CNA Elected APCIA Chair, Chair-Elect
Alan Schnitzer, chair and chief executive officer of The Travelers Companies, has been elected chair of the board of directors of the American Property Casualty Insurance Association (APCIA). Dino E. ...
Tech Bytes: New Partnerships at Beazley-mShift, biBERK-First Connect, Lemonade-Chewy
Specialist insurer Beazley announced that it is joining forces with mShift, a digital platform which allows insurance professionals to quote, bind and issue multiple lines of business within the ...
Florida CFO Urges Outright Ban on AOB Agreements
In the wake of Hurricane Ian, Florida's chief financial officer has taken a hard line on insurance claims litigation, calling for an outright ban on assignments-of-benefits agreements. At a press ...
Allstate Sees Q3 Net Loss; Auto Reserve Boosts More Damaging Than Ian
Allstate expects to report a bottom-line third quarter net loss in the range of $675-$725 million and a combined ratio of 111.6, including 7.8 points from reestimates of prior year auto loss ...
Update: Amazon Launches Home Insurance Comparison Website for UK Customers
Amazon.com Inc. is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes further into financial services across the ...