News
2018 Prediction: U.S. P/C Industry Will Take Time to Recover From 2017 Catastrophes
Property/casualty insurers in the U.S. will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to "significant underwriting profits," Fitch ...
XL Group Estimates $250M in Q4 Losses: Calif. Wildfires to Blame
XL Group disclosed preliminary natural catastrophe pre-tax loss estimates of approximately $250 million for the 2017 fourth quarter, stemming largely from wildfires in Northern California. The parent ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
Wildfires Halt L.A. Filming, Threaten Crops, Hammer Major Utility’s Market Value
Wildfires raging across Southern California have shut a major commuter artery in Los Angeles, suspended filming, wiped out more than $3 billion of market value for regional utility Edison ...
Legacy Liability: What’s Holding Insurers Back
Legacy technologies came in for a beating at the InsureTech Connect conference in October. These outdated systems are draining resources and not getting the job done. They are also an impediment to ...
A Gemba Walk Helps Leaders Lead Better: American Family CEO Salzwedel
Take a Gemba walk. That's a leadership tip from Jack Salzwedel, chairman, president and CEO of American Family Insurance. In a Dec. 1 LinkedIn blog posting, Salzwedel outlined what the word means and ...
Global Warming Could Be Much Worse Than Expected: Study
World temperatures could rise 15 percent more than expected this century, obliging governments to make deeper cuts in greenhouse gas emissions to limit global warming, scientists said on Wednesday. ...
Insurance/Reinsurance Rate Hikes in 2018 Are Increasingly Likely: Morgan Stanley
Rate hikes are on the way for reinsurers and insurers, Morgan Stanley asserts in a new research note, echoing predictions of others in the wake of record catastrophe losses for 2017. Morgan Stanley ...
InsurTech MGA Wrisk Gains UK Regulatory Authorization
On the heels of its recent successful crowdfunding raise, the app-based InsurTech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK's ...