Industry News
‘Root’ of the Problem: Why One InsurTech’s Loss Ratios Still Disappoint
In the first part of this four-part article, we revealed that Root—currently the fastest growing carrier of three VC-backed InsurTechs we've been tracking—also posted the worst loss ratio result ...
Proposed Second Brexit Referendum Would Be a Breach of Trust: UK PM May
U.K. Prime Minister Theresa May will attack supporters of a second Brexit referendum on Monday as she explains to Parliament why European Union leaders rebuffed her attempt to make her divorce deal ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Executives On The Move at Munich Re, Ascot and Zurich Insurance
Munich Re, U.S. hired a former Everest Re executive to lead a newly created commercial unit in North America. Ascot brought on two ex-Navigators executives to join its U.S. marine team. Zurich ...
Commercial Lines, Reinsurance Should See Modestly Improved 2019 Pricing: KBW Prediction
Expect modestly improved reinsurance and commercial lines pricing in 2019, particularly in the specialty lines area, Keefe, Bruyette & Woods is predicting in a new report. At the same time, the ...
It’s Not Just the Marriott: Hotels Are Vulnerable to Hackers
Long before Marriott International Inc. disclosed a massive security breach, the hotel industry had earned the dubious reputation as a hospitable place for hackers. Thieves have skimmed credit cards, ...
An Instagram Strategy Can Help Create the Next GEICO Gecko
I recently moved to New York City from a comfortable, tree-lined New Jersey suburb, leaving behind three floors, a basement, a backyard and side porch for 1,000 square feet on busy West 55th Street. ...
The Latest Launches From The Hartford, Slice Labs and Allied World/Fairfax
The Hartford launched new coverage to help corporations and other entities with international exposures manage their credit and political risks. Slice Labs Inc. now offers its Insurance Cloud ...
Allstate Warns Q4 Results Will Dip From California Cat and Pension Settlement Losses
Allstate warned that catastrophe losses stemming from this fall's California wildfires and a pension settlement will do significant damage to its 2018 fourth quarter financial results. The ...