Industry News
Western U.S. Wildfires Will Leave Insurers With a ‘Multi-Billion-Dollar’ Bill: Aon
Wildfires across the western United States will leave insurers with a "multi-billion-dollar" bill, Aon concluded in its September 2020 Global Catastrophe Recap. While it will likely take some time to ...
Exiting Insurers, Premium Hikes Pummel Canada’s Wounded Hospitality Business
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the ...
London Company Market Premium Jumped 10 Percent in 2019
Premium income for the London company market grew by 10 percent last year with £21.4 billion ($27.7 billion) of large commercial and wholesale risks underwritten by firms in the City. A new report ...
Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and ...
Pathpoint, a Digital E&S Wholesale Broker, Makes Its Debut
Pathpoint, a new digital E&S wholesale insurance brokerage, is making its debut. The San Francisco-based company bills itself as the industry's first all-digital company of its kind built from ...
Markel Property CAT Reinsurance Business Now Solely With Nephila
Markel Corporation is reorganizing how it handles its reinsurance property catastrophe business, and cutting some jobs in the process. The specialty insurer said it will close its Markel Global ...
Hired Hacker Group Runs Rampant in Middle East
Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by software firm BlackBerry ...
Progressive CEO Griffith Mulls Expansion Into Life Insurance
Progressive Corp. could soon expand its horizons into life insurance. "We actually are considering that," Chief Executive Officer Tricia Griffith said when asked about a possible move. "We have a ...