News
Travelers Q4 Earnings Jump With Bigger Investment Returns, Lower CAT Claims
Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts' estimates on Thursday, helped by an increase in returns from investments and lower ...
The Latest Launches From Liberty Mutual and W.R. Berkley
A Liberty Mutual division launched new terrorism insurance coverage in Germany. W.R. Berkley Corp.'s Berkley One unit added or introduced new coverage to a number of states. *** Liberty Mutual's ...
P/C InsurTech Lemonade Quietly Debuts Term Life Insurance
Lemonade has quietly debuted term life insurance, according to its website. The New York-based InsurTech appears to be going the soft-launch route without major promotion of the launch, after first ...
P/C Industry COVID Survivor Warns About Pandemic Continuity Risks
In the wake of COVID-19, property/casualty insurance senior executives should consider deputizing underlings to completely take over if they become ill or incapacitated, a veteran insurance and ...
Ford Ordered to Recall 3 Million Vehicles Over Takata Air Bag Issues
Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. ...
AXA Explores Sale of Singapore Unit; Transaction Could Raise $700M
HSBC Holdings Plc and Malayan Banking Bhd.'s insurance venture are among shortlisted bidders for AXA SA's business in Singapore, which could raise about $700 million in a sale, according to people ...
Climate Change Will Boost Hurricane Losses 20 Percent or More by 2050: Research
By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in ...
Specialty Insurer ProSight Will Go Private in $586M Private Equity Deal
ProSight Global Inc. will go private as part of a $586 million private equity deal, about 18 months after it debuted on the public markets with an IPO. International investment management firm ...