Industry News
James River Dropped Uber Due to Coverage Risks, Particularly in Florida
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had ...
Key Allianz Insurance Unit Slumps, but PIMCO Arm Excels
Allianz SE, the German insurer that owns bond manager Pacific Investment Management Co., relied on inflows at the asset management unit to offset lower earnings at its property and casualty business. ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
What to Expect in 2020: USI Sees Rate Hikes In Most Lines
Ongoing rate increases and reductions in capacity are taking shape in most property/casualty lines—and for some, will continue into the new year, according to a recently released report from USI ...
Lemonade, Root and Metromile: Can David Challenge Goliath With No Sling?
Continuing a series in which we evaluate and discuss the financial performance and operating results of the InsurTech carrier trio of Lemonade, Root and Metromile, we find continued growth and ...
Digital Auto Insurer Root Jumps Into Rental Insurance Market
Root Insurance, an InsurTech startup known for selling auto insurance, is expanding into the renters market. The Ohio-based InsurTech is launching a renters insurance product it bills as "affordable" ...
Fitch Highlights Cyber Risks of Quantum Computing
Although the lightning fast speeds of quantum computing will provide many benefits to insurance carriers, there's also a big down side: increased cyber risk, Fitch Ratings noted in a recent briefing. ...
Former AIG Executive Wins Legal Bid for $9 Million Crisis-Era Bonus
A former American International Group Inc. senior trader won his bid for 8.3 million euros ($9.2 million) in bonuses in a dispute at France's highest court that dates back to the financial crisis a ...
Swiss Re Looking at Buying Stake in China Pacific Insurance
Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the Chinese company's securities, the Swiss re-insurer said on Wednesday. Swiss Re declined to ...