News
Study: MGA Market Still Growing
A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment ...
Honolulu Tops Allstate’s Safest Drivers Report
Hawaii, Minnesota and Washington are home to America's safest drivers, according to the 16th Allstate America's Best Drivers Report. Honolulu ranked highest for the safest drivers in America. ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Aviva Completes Probitas Acquisition; Re-Enters Lloyd’s
UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company's return to the Lloyd's market after a hiatus of more than 20 years. The deal ...
KCC: U.S. Damage from Hurricane Beryl Could Cost Insurers $2.7B
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million ...
DoorDash Cracks Down on Drivers Who Break Traffic Laws
DoorDash said Tuesday that it's stepping up efforts to identify dangerous delivery drivers and remove them from its platform after a flood of complaints from cities. In a letter sent last month to ...
Biden Administration Raises FEMA Bar for Flood Resilience
The U.S. Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only take into account previous and current levels of local flood risk, but ...
More Executives on the Move at Chubb
Chubb on Wednesday announced several more promotions within its North America insurance operations, with Ana Robic and Ben Rockwell getting appointed senior vice president of Chubb Group. Robic is ...
Worsening Floods Pose Threat to U.S. Dam Safety
Last month, floodwater in rural Minnesota pushed debris against a more than century-old dam and then carved a path around it, eroding so much of the riverbank that most of a house fell into the ...