Industry News
Executives On The Move at Lemonade, Neon and Lockton
P2P Startup Lemonade snagged a former Liberty Mutual Executive as its new chief underwriting officer. Neon promoted an executive to a newly-created leadership position. Lockton appointed several ...
Florida Hurricane Risk Forces Big Cat Bond Plunge
Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida. The Swiss Re Cat Bond Price Return Index dropped 1.7 percent last week, the steepest decline since ...
Hurricane Matthew Moves Out to Sea; Flooding Continues, Death Toll Climbs
Residents of the southeastern United States ravaged by Hurricane Matthew turned their focus on Monday toward recovery and clean-up, but officials in several states warned that deadly flooding could ...
Hurricane Will Lead to $4B-$6B in Insured Property Losses; Reinsurers Remain Resilient
Hurricane Matthew may have diminished in intensity over the weekend, but wind and flood damage was substantial. Early analysis suggests the storm caused between $4 billion and $6 billion in insured ...
Hurricane Matthew Kills at Least 7 in NC; Power Outages, Flooding in 3 States
More than 1.5 million people are still without power as Matthew on Sunday brought Hurricane-force wind gusts and flooding to the outer banks of North Carolina, where the storm left at least seven ...
Hurricane Matthew Idles Plants, People, Goods Up Florida’s Atlantic Coast
Disruptions to air travel, manufacturing, supply chains and retail stores spread on Friday as Hurricane Matthew worked its way up Florida's Atlantic coast, leaving people and goods stranded and ...
The Latest Launches From The Hanover Insurance Group and Mitsui Sumitomo
The Hanover Insurance Group beefed up its policy base form for small businesses with a number of new coverage and benefits. Two divisions from Japan's Mitsui Sumitomo will team up with a third party ...
AIG Sued for $100M in Bonuses by Former Derivatives Staff
American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the ...