Industry News
Global Insurers Will Seek Rate Hikes After Historic, Catastrophic Q3
Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in ...
Munich Re Expects a 2017 Profit Despite Q3 Hurricane Hits
Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a third quarter loss of €1.4 billion ($1.64 billion). The group said it expects ...
2018 Reinsurance Pricing: Rate Hikes Likely After 2017 Storms and Catastrophes
When the dust settles—and water recedes—following 2017's hurricanes, wildfires, and other catastrophes, domestic primary insurers will learn if, and how much, their own underwriting discipline ...
The Role a CEO Should Play in Carrier-Agency Relationships
Years ago during a particularly challenging time for Arbella, the trust we had built with our independent agents was severely tested. On the advice of Arbella's vice chairman and my long-time mentor, ...
QBE Invests in, Links With, Machine Learning InsurTech Startup RiskGenius
QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product ...
Could Brexit Be Reversed Before 2019? EU President Says It’s Possible
European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government. ...
‘BadRabbit’ Malware Attacks Hit Russia, Ukraine, Bulgaria, Turkey, Japan
Cyber attacks using malware called "BadRabbit" hit Russia and other nations on Tuesday, affecting Russian Interfax news agency and causing flight delays at Ukraine's Odessa airport. While no major ...
U.S. Auto Insurance Customers Slow to Adapt to Mobile Claims Apps: J.D. Power
Despite a nationwide advertising blitz for mobile auto insurance apps and widespread use of digital channels to purchase insurance, U.S. auto insurance customers have been slow to adopt digital ...