Industry News
Q3 Commercial Lines Rates a Mixed Bag: MarketScout and IVANS
The MarketScout and IVANS commercial insurance market indexes are revealing a mixed bag in terms of rates for the 2017 third quarter. First, the MarketScout composite rate index for commercial ...
Guidewire Paying $275M for P/C Data Science Software Firm Cyence
Guidewire Software Inc. will fork over $275 million to acquire Cyence, a software startup that uses data science and risk analytics to help P/C insurers address emerging risks including cyber, ...
Trump Administration Proposes Curtailing Flood Insurance in Flood-Prone Regions
President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and ...
Allianz, AXA, Generali, Others Agree to Crack Down on Pirate Fishing
A coalition of insurance firms agreed on Friday to crack down on pirate fishing by banning coverage for trawlers whose illegal catches are worth at least $10 billion a year. Firms would deny ...
Oil Rigs in Path of Tropical Storm Nate
Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South. Nate ...
Insurers, Banks Must Take Bigger Steps to Counter Climate Change Risks: Dutch Regulator
Banks, insurers and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said. As global warming increases ...
Hub International Grabs Calif. Broker Focused on VC and Tech Clients
Hub International Ltd. said it acquired the assets of California-based Costello & Sons Insurance Brokers (CSI), a move that gives it commercial lines expertise in areas including venture capital ...
Expect an Historic Q3 in Terms of Natural Disaster Costs: Impact Forecasting
As bad as September was in terms of natural disasters and the resulting costs, the 2017 third quarter as a whole could be positively historic as a result. A new report from Aon Benfield's Impact ...