News
Travelers’ High Q3 Investment Returns Counter Catastrophe Loss Surge
Property and casualty insurer Travelers Cos Inc reported a drop in third-quarter profit on Tuesday that still beat estimates, as higher investment returns mainly from its non-fixed income portfolio ...
Kemper Proposes Nearly $18M Settlement in Class Action Involving Two Data Breaches
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
Higher Catastrophe Losses Will Dampen Q3 Earnings: KBW Analysis
Higher catastrophe losses should help push Q3 2021 earnings per share below consensus for carriers, but rate increases should help boost reinsurer results, according to KBW analyst Meyer Shields. ...
Has COVID Changed the Potential of What InsureTech Connect Can Accomplish?
The insurance industry conference landscape has more than just shifted over the last few years; it has changed radically. InsureTech Connect had become the "must-attend" event, attracting attendees ...
China’s Evergrande Property Crisis Creates Minimal Exposure for U.S. Insurers
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country's largest property developers, Evergrande, appears on the brink of collapse. ...
Watching Canary Islands Volcanic Eruption, Insurers Reminded of Challenges Posed by Non-Modeled Perils
The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils," ...
Ransomware Attack Strikes U.S. TV Station Operator Sinclair
U.S. TV station operator Sinclair Broadcast Group said on Monday it had found some of its servers and workstations had been encrypted with ransomware, disrupting office networks. Sinclair said it was ...
Regulation, Technology Know-How Delay Embedded Insurance’s Full Potential: ITC 2021
Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that postpone its full potential, a panel of experts and industry insiders said during ...