Industry News
Insurer Shares Slump on Irma Fears; One Pre-Florida Insured Loss Estimate Over $100B
Hurricane Irma continued on a collision course with Miami after devastating a chain of Caribbean islands, triggering the largest evacuation in Miami-Dade County history and threatening to become the ...
Hurricane Irma Threatens $1.2B of Florida Crops; Insurance Issues Will Vary
Hurricane Irma is threatening to wreak havoc on Florida farmlands, menacing $1.2 billion worth of production in the top U.S. grower of fresh tomatoes, oranges, green beans, cucumbers, squash and ...
Universal Insurance Holdings Has Plenty at Stake if Irma Hits Florida
As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market ...
Executives On The Move at Hamilton Re, AIG and Hub International
Hamilton Insurance Group's Hamilton Re made a number of new underwriting-based leadership changes. AIG has a new general counsel. Hub International's president is now also its CEO. *** Hamilton Re, ...
Even With Hurricane Harvey, Reinsurance Rates Will Still Fall, Ratings Agencies Predict
Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition, despite the impact of Hurricane Harvey, ratings agencies said on Tuesday. Reinsurers, ...
UPDATED: Expect Many More Hurricane Harvey Loss Estimates Before Specifics Are Clear
More than a week since Hurricane Harvey struck Houston and the surrounding Texas and Louisiana coastlines, catastrophe modeling firms and others continue to issue estimates for economic and insured ...
InsurTech Drone Startup Betterview Raises $2M From Maiden Re, Others
Betterview, an InsurTech startup focused on capturing and analyzing data from drones, has raised just over $2 million in venture financing. Compound Venture Capital led the $2.05 million seed round. ...
State Auto Names Names New Leaders for Commercial, Personal Lines Divisions
State Auto Financial Corp. named new heads of its commercial and personal lines divisions as it continues efforts to improve its financial results. Kim Garland is the new senior vice president, ...