News
April Reinsurance Renewals Continue Flat Pricing Trends: Willis Re Report
Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a new Willis Re ...
Insured Losses Exceed $421M From January’s Calif. Mudslides
A series of deadly mudslides along Southern California's coast in January caused more than $421 million insured losses, the state's insurance commissioner said on Monday. Insurers received more than ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
The Latest Launches From Everest Re and AIG’s Travel Guard
Everest Re Group is now offering a broad cyber insurance policy that provides risk mitigation/remediation services to companies in multiple industries. A division of AIG has launched in Canada a form ...
Travelers Survey Provides New Insights Into Distracted Driving Behavior
Most drivers who respond to personal texts, emails and calls while driving said they do so because they are afraid of an emergency or missing out on something important, according to a new survey ...
White Mountains Will Acquire Majority Stake in NSM, a Specialty Insurance Program Administrator
White Mountains Insurance Group plans to acquire a majority equity stake in NSM Insurance Group, a specialty insurance program administrator. The transaction values NSM at about $388 million and ...
An Expected 8% Rise in NFIP Average Premiums May Not Stave Off Shortfalls
A typical premium charged by the National Flood Insurance Program is slated to rise about 8 percent in the coming year, with the estimated average premium going from $866 to $935. When various ...
Uber Self-Driving Car Fatality: Daughter of Victim Settles, Other Family Retain Lawyer
More family members of a woman killed by an Uber Technologies Inc self-driving vehicle have hired legal counsel, indicating the ride services firm's legal problems may not be over in the first ...
Atlanta Struggles to Recover From Cyber Attack, Relying on Paper and Phones
Atlanta's top officials holed up in their offices on Saturday as they worked to restore critical systems knocked out by a nine-day-old cyber attack that plunged the Southeastern U.S. metropolis into ...