Industry News
Allied World ‘Vaults’ Into High-Net-Worth Market
Allied World Assurance Company Holdings, GmbH and Hudson Structured Capital Management Ltd. announced their investment in Vault, a new venture that caters to the high-net-worth personal insurance ...
Now Open: Lemonade Shares API Platform With ‘The World’
Lemonade announced Tuesday that it launched a public API (application programming interface), allowing anyone to seamlessly offer Lemonade policies through their apps or websites. "Today, we're ...
Hurricane Ophelia Would Tie a 124-Year ‘Gee-Whiz’ Record
Tropical Storm Ophelia won't come anywhere near U.S. shores, but when it strengthens to a hurricane sometime Thursday, it will achieve another distinction. Ophelia will be the 10th straight Atlantic ...
House Unveils $36.5B Bill to Help With Hurricane, Wildfire Relief
House lawmakers unveiled a bill Tuesday night that would provide $36.5 billion in emergency funding for hurricane and wildfire relief requested by the Trump administration. With Congress under ...
Cat Bond Issuance Still Has a Record Year; Q3 Was Typically Slow
Catastrophe bond issuance came to just $460 million in new limit during the 2017 third quarter, though the typically slow Q3 added to what remains a record year for the sector, the Property Claims ...
Willis Towers Watson Selling Telematics Tech to Octo; Both Will Jointly Develop More
Willis Towers Watson plans to sell its usage-based insurance assets to Octo Telematics, a UK telematics company focused on the auto insurance industry. Once the deal concludes, both companies will ...
Zubretsky Out, Roche in as CEO of The Hanover
The Hanover Insurance Group announced Tuesday that John C. Roche has been appointed president and chief executive officer, effective Nov. 4, succeeding Joseph M. Zubretsky. The news came about a half ...
Napa, Santa Rosa Fires Place 172,000-Plus Homes at Risk: CoreLogic
More than 172,000 homes with a combined reconstruction cost value of more than $65 billion face some level of risk from the metropolitan Napa and Santa Rosa fires in California, according to a new ...