Industry News
Round 2 of Hurricane Harvey Poised to Drive Up Economic Damage in Texas
As Harvey's winds die down, trouble for Texas may have just begun with forecasts for unprecedented flooding across the heart of U.S. energy production and in Houston, the nation's fourth-largest ...
Hurricane Harvey Isn’t Going Away as Rain, Flooding Linger: RMS
Hurricane Harvey is now a slow-moving tropical storm in coastal Texas. Beyond the initial storm damage itself, the historic flooding it is leaving behind will lead to equally significant economic and ...
Lemonade’s New Insurance Policy Lets Customers Update Coverage Terms Themselves
Lemonade has come out with an insurance policy that lets consumers update their policies themselves in real time on the web, actions that are typically left to agents and brokers. Lemonade ...
Safe Driving Algorithm Project Begins Involving Sompo Japan, Accenture and a Japanese Cab Company
Sompo Japan Nipponkoa Insurance, Accenture and a Japanese cab company will work jointly to develop a deep learning algorithm designed to help better understand driving behavior and improve safety in ...
The Latest Launches From Ironshore and Beazley
Ironshore now has a team devoted to managing cyber claims across all of its product lines. Beazley debuted expanded protection meant to address schemes such as the kind where employees are illegally ...
Looking Back: How the Top 25 P/C Insurers Changed in the 25 Years Since Andrew
Twenty-five years ago in August, Hurricane Andrew shook up the property/casualty insurance and reinsurance markets, analysts from Assured Research noted in two recent research reports recognizing the ...
Allianz Global Corporate & Specialty Offers Customizable U.S. Terrorism and Political Violence Coverage
Allianz Global Corporate & Specialty (AGCS) is now offering customizable insurance that protects U.S. businesses when faced with loss related to terrorism and political violence both at home and ...
AXIS Sweetens Bid for Lloyd’s Specialty Carrier Novae, Now Offering $611.5M
AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd's of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said ...