News
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War
Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. "The orderly ...
Hail a Growing Loss Driver on Rising Tide of Severe Convective Storms, Allianz Says
Hailstorms drove record insured damages as severe convective storms are becoming more common and damaging, popping up in new places—and even storms producing small hailstones are posing unforeseen ...
Liberty Mutual Announces Leadership Restructuring for CRS and LMI
Liberty Mutual announced a new leadership structure across the company's Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses late last week, appointing Vlad Barbalat president ...
KitKat Maker Says No Holiday Impact Despite 12 Ton Stolen Shipment
Those celebrating Easter won't have to worry about a shortage of KitKat bars despite the theft of a truck transporting 413,793 units in Europe. The shipment of special F1 bars, weighing an estimated ...
Market Sources Say Stolen Renoir, Cézanne and Matisse Were Likely Uninsured
Three paintings by French masters Pierre-Auguste Renoir, Paul Cézanne, and Henri Matisse, stolen from a museum in northern Italy last week, were probably not insured, according to market sources. ...
Hands-Free Driver Systems Don’t Improve Safety: NTSB
The systems that allow drivers to take their hands off the wheel are convenient but don't improve safety because people are often too reliant on them and end up paying more attention to their ...
NAIC Issues Nationwide Data Call to Homeowners Insurers
The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understanding of the U.S. homeowners insurance markets. The data, intended ...
Allstate Joins Mobile Insurance App Leader GEICO; Top Carriers Expand Telematics Services: Keynova
Keynova Group, a competitive intelligence firm that benchmarks consumer financial services, including insurance, announced that Allstate now ties with GEICO for the distinction of having the top ...