Industry News
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels
Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and ...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best
AM Best's population of global reinsurance companies posted a return on equity (ROE) of 22 percent in 2023 – a five-year high that was driven mainly by favorable investment income and strong ...
Delos Insurance Solutions Raises $9M in Series A Funding Round
Property insurance MGA Delos Insurance Solutions, which uses wildfire science and satellite imagery to assist homeowners with wildfire insurance availability, has raised $9 million through a Series A ...
Tech Bytes: New Partnerships at bolt, Ascend
InsurTech bolt announced a collaboration with Salesforce to launch bolt for Salesforce on Salesforce AppExchange, an enterprise marketplace for partner apps and experts. The collaboration aims to ...
Companies Boost Social and Climate Reporting Amid ESG Backlash
Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by ...
Howden Launches Cyber Ins. Solution With Chubb, LSM and Mosaic
Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ ...
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income
Chubb recorded an 11.7 percent increase in P/C underwriting income with a combined ratio of 87.7 as part of third-quarter net income of about $2.2 billion, up 13.8 percent. CEO Evan G. Greenberg said ...
Survey Finds Consumers See Link Between Attorney-Repped Claims and Higher Auto Insurance Costs
Drive along any stretch of highway and you'll see widespread advertising by billboard attorneys encouraging consumers to hire a lawyer to settle an auto accident claim. But this leads to higher costs ...