Industry News
Insurers Are Target Audience for New Online Dispute Resolution Startup
An offshore reinsurer has placed a bet that the future of insurance claims will include an option for consumers to resolve disputes online rather than in court. Greenlight Re, a specialty property ...
Federal Flood Insurance Program Wins Short Extension
Having failed several times to pass a $19 billion disaster aid bill with a federal flood insurance reauthorization provision by unanimous consent, the House of Representatives managed on Thursday to ...
Allianz Grabs Two U.K. Insurance Businesses for $1 Billion Price Tag
Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The ...
U.S. D&O Premiums Inch Higher in 2018: A.M. Best
Directors & officers insurance written premiums rose slightly in 2018 after four previous years of stable numbers, A.M. Best said in a new market segment report. The line produced nearly $6.6 ...
The Latest Launches From Duck Creek Technologies/Roost, International Marine Underwriters and At-Bay
Duck Creek Technologies will offer Roost's telematics technology to its claims management software users. International Marine Underwriters beefed up its ocean cargo policy with new coverages and a ...
Brexit Uncertainties Trigger Sharp Drop in European Business Confidence
Uncertainty over Britain's departure from the European Union has triggered a sharp drop in business confidence in Europe over the past six months, a survey showed on Thursday. Only 50% of European ...
Oklahoma Halts Policy Cancellations During Tornado Outbreak
Oklahoma Insurance Commissioner Glen Mulready on May 24 directed insurance companies to keep coverage in effect for storm victims for the next 30 days. The bulletin was issued following severe ...
China Says Hiking U.S. Tariffs Hurts World Economy But Has ‘Very Limited’ Effect on China
The U.S. escalation of trade tensions won't solve any of its problems but will create volatility in global markets and hurt the world economy, according to China's top financial regulator. Higher ...