News
California Blames Wildfires for Making Homeowners Insurance Increasingly Unaffordable
More frequent and intense wildfires are making it harder for homeowners to find and keep insurance in California, a state regulator warned Thursday. "The problem of insurance availability is going to ...
Jeff Greenberg Helps Back the Launch of Bermuda Reinsurer Armour Group Ltd.
Armour, a Bermuda-based P/C runoff insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership ...
Allstate CEO Wilson Adds President to Title as Winter Retires; Three Execs Promoted
The Allstate Corp.'s succession planning is in full swing as it prepares for the retirement of its president, Matt Winter, in February 2018. Allstate Chairman and CEO Thomas Wilson plans to take over ...
Beijing Makes Strides Against Smog as New Delhi’s Air Worsens
Beijing may have turned a corner in its battle against the city's notorious smog, according to Reuters calculations, and environmental consultants say the Chinese government deserves much of the ...
The Latest Launches From Travelers, Starr Companies, Neon and More
Travelers' European unit is now marketing beefed-up cyber insurance coverage for UK and Ireland-based tech clients. Starr Companies is touting a new crisis coverage endorsement. Neon launched what it ...
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
A New Record: Catastrophe Bond Issuance Surpasses $10.5B in 2017
Catastrophe bond issuance surpassed $10.5 billion in 2017 - a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are ...
5 Auto Insurance Trends to Watch in 2018
Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for ...