Industry News
The Latest Launches From Travelers, Markel and Berkley
Travelers has redesigned its personal insurance web experience. Markel has enhanced its professional liability coverage for hard-to-place law firms. Berkley is now offering per-project primary limits ...
The Zebra, an Auto Insurance Comparison Website, Nails Down $40M Series B Financing
The Zebra, an online auto insurance comparison marketplace, plans to use $40 million in new venture funding to double down on brand building, product expansion and customer outreach. Company ...
Hurricane Maria Rips Roofs off in Dominica; U.S. Virgin Islands, Puerto Rico Are Next
Hurricane Maria caused "mind boggling damage," ripping off roofs across the small island of Dominica before pushing on toward the U.S. Virgin Islands and Puerto Rico on Tuesday as the second ...
Brexit Drives XL Group to Shift EU HQ to Ireland
XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The ...
CEO Viewpoint: How Drones Are Changing the Face of the Insurance Business
Sometimes it takes a tragedy—maybe even two tragedies—to change a paradigm. But just as Houston and parts of the west coast of Florida will never be the same after the double disasters of ...
Harvey Likely Hit Hiscox With $150M in Net Insurance Claims
Specialist insurer Hiscox Ltd. believe it will see net claims from Hurricane Harvey hovering around $150 million. The number is based on an insured market loss prediction of $25 billion, excluding ...
Florida’s HCI Group Estimates $100M-$300M In Hurricane Irma-Related Losses
HCI Group predicts it will handle between $100 million and $300 million in insured losses related to Hurricane Irma, according to preliminary estimates from the Florida-based insurer. The losses will ...
NFIP Head: $11B in Payouts Likely for Hurricane Harvey Insured Homeowners
The head of the National Flood Insurance Program said Wednesday early estimates show Hurricane Harvey will result in about $11 billion in payouts to insured homeowners, mostly in southeast Texas. ...