Industry News
NFIP, Private Flood Insurance Carriers, Auto Writers Will Handle Brunt of Florence Losses
The National Flood Insurance Program, private flood insurance carriers and auto insurance writers will likely deal with the bulk of insured losses from Hurricane Florence, Fitch Ratings said in a new ...
State Farm to Use Drones for Assessing Hurricane Florence Damage
Drones will be allowed to fly long distances and over populated areas across four states to assess damage from Hurricane Florence, after U.S. aviation regulators granted the first such approvals to ...
Cyber Attacks Double, as Carriers Better Protect Themselves: Accenture
Insurers are doing a better job protecting themselves from cyber attacks even as attempted breaches have nearly doubled, a new Accenture study has found. The percentage of successful global insurance ...
InsurTechs, Mutual Insurers Gain Plenty by Joining Forces: A.M. Best
Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual P/C insurance companies continue to face ...
Lloyd’s Readies Post-Brexit Policy Documents for European Union
Lloyd's has issued new policy documents meant to support post-Brexit underwriting in the European Union. The documents, published through Lloyd's Brussels, were prepared by the Lloyd's Market ...
Fitbit Needed: John Hancock Moving Fully to Interactive Life Insurance Dependent on Devices
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health ...
Hurricane Florence and Business Interruption: Floods Delay Shipments at Port of Wilmington
The Port of Wilmington in North Carolina remains shut in the aftermath of Hurricane Florence, freezing shipments of everything from fertilizer to textiles. Florence dropped as much as 40 inches (102 ...
Executives On The Move at AXIS, BHSI and The Hanover
AXIS Capital Holdings appointed a new leader of divisions that handle business in Ireland. Berkshire Hathaway Specialty Company expanded its leadership team in Dubai with a number of executive and ...