News
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an ...
CCC: Severe Weather Impacting Collision Repair, Auto Insurance
The auto insurance and repair industry must "adapt to new patterns and prepare for an unpredictable future," according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
Partnership Aims to Reduce Hurricane Damage to Vehicles
A new partnership between fintech car ownership platform Way.com and CURE Auto Insurance promises to protect cars from damaging hurricanes and tropical storms. The initiative, called the Catastrophe ...
U.S. P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best ...
Top 10 List of Most Affordable New Trucks and SUVs to Insure
A new list highlights the most affordable SUVs and trucks to insure, according to Mercury Insurance, a personal and commercial auto insurer in California. The insurer, provider of auto insurance in ...
New Federal Rule Requires Railroads to Detail Hazardous Cargo Immediately After Derailment
A new federal rule finalized Monday aims to ensure first responders can find out what hazardous chemicals are on a train almost immediately after a derailment so they can respond appropriately. Too ...
Zurich NA Names Bracken CFO; Hirs Moves to Group Role
Zurich North America has appointed James Bracken as chief financial officer, succeeding Peter Hirs, who returns to Zurich Insurance Group in Switzerland as group head of Mergers & Acquisitions. ...
Protecting 1.2% of Earth Would Prevent Most Extinctions, Study Says
Setting aside an additional 1.2 percent of the world's land as nature preserves would prevent the majority of predicted plant and animal extinctions and cost about $263 billion, according to a study ...