Industry News
Motorist Behavior Needs More Study, PCI Says
In a statement praising automakers for committing to standardize automatic emergency braking by 2022, an executive from the Property Casualty Insurers Association of America urged more focus on ...
Two Instech Startups Target Small Business Insurance Market
Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, announced a $13 million seed investment led by ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
Florida’s Citizens Pushes Policy Changes to Address Rising Water-Loss Claims
Citizens Property Insurance Corp.'s board of governors has approved a slate of recommendations aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress ...
Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates
Munich Re, the world's second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to ...
Ping An More Cautious than Anbang, CFO Says
Ping An Insurance (Group) Co. Chief Financial Officer Jason Yao said that China's second-biggest insurer has a "very different" investment strategy from smaller rival Anbang Insurance Group Co., ...
The Hartford Acquiring E&S Player Maxum Specialty
The Hartford has entered into a definitive agreement to buy Northern Homelands Company, the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in ...
Munich Re Plans New $1.1B Share Buyback; Profit Expected to Plunge
Munich Re, the world's second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to ...
The Latest Launches From Ironshore, Brit, QBE and More
Ironshore is expanding its cyber coverage in Canada. RealRate and Pinnacle Actuarial Resources will jointly offer a beefed up comparative price tool for commercial auto insurance. Brit launched new ...