News
The Hartford President Elliot to Retire
The Hartford announced that Doug Elliot will retire as the company's president effective Dec. 31, following more than 11 years with the company. Elliot joined The Hartford in 2011 as president of ...
U.S. P/C Records $6.3B First-Half Underwriting Loss: AM Best
Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the ...
Every insurance claim tells a story, but rarely in a single document. Instead, that narrative unfolds across adjuster notes, medical...
Cyber MGA Coalition Launches in UK Insurance Market
Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz ...
Bigger Than a Hippo: State Farm Invests $1.2B in ADT; Hippo Reacts
State Farm and ADT, a smart home technology provider, announced yesterday that State Farm will make a $1.2 billion equity investment in ADT, a move that will give the nation's largest insurer a 15 ...
Tech Bytes: New Partnerships at ADT, Sapiens, Beazley
ADT Inc., a smart home and small business security brand, and State Farm announced that State Farm will make a $1.2 billion equity investment in ADT. This will result in State Farm owning ...
Climate Change Is Overwhelming U.S. Flood Maps, FEMA Head Says
Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and businesses from flooding and extreme rain triggered by climate change, said FEMA ...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens
Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered at just 18 percent, according to Swiss Re Institute's ...
Howden Re and TigerRisk to Create Largest Global MGA
Howden Re and TigerRisk Partners have announced the creation of a new group, Howden Tiger SabRE, comprising the existing global MGA and Program capabilities of Howden Re and TigerRisk. The new MGA ...