Industry News
Cyber Insurance Is Quite Profitable at the Moment: PwC
Most carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a new global survey of specialist ...
Former AIA Leader Pusey Nominated to Join W.R. Berkley Corp. Board
Veteran property/casualty insurance industry lobbyist Leigh Ann Pusey has been nominated to join the board of directors at W.R. Berkley Corp. The commercial lines insurer and reinsurer disclosed that ...
Israel’s Kovrr Debuts Predictive Cyber Risk Modeling Tool
The Israeli company Kovrr launched a new predictive cyber risk modeling platform designed to help P/C insurers underwriter cyber risk more efficiently. Kovrr analyzes millions of emerging cyber ...
Munich Re CEO Predicts 2018 Turnaround, Would Welcome Anchor Investor If Approached
Munich Re would welcome a long-term investor taking a significant stake in the company as the world's largest reinsurer eyes a return to profit growth this year, its CEO told Reuters. Joachim ...
Carriers Still Don’t Get Dinged Much From Distracted Driving Costs: Analysis
Insurance companies are finally putting a price on the risk of distracted driving, and it's relatively cheap. Last year, a ticket for using a mobile phone while driving added $226 to the average ...
Legions of Agents, Brokers Lobbied Congress About Flood Insurance Renewal, Tax Reform and More
Over many months now, Congress has continued to avoid passing a long-term renewal of the National Flood Insurance Program. The Independent Insurance Agents & Brokers of America was hoping to end ...
AAIS Creates Cannabis Businessowners Policy in Calif.; Expansion Envisioned
The American Association of Insurance Services has filed a Cannabis Businessowners Policy in California, noting that the growing market presents a huge opportunity for the insurance industry at ...
The Latest Launches From The Hanover and Lemonade
The Hanover Insurance Group says its commercial lines customer service center can now service added specialty lines coverages with management liability. Lemonade will sell renter insurance via a ...