U.S.
FEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021
The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases rates on a more accurate assessment of the real flood threat for each ...
James River Dropped Uber Due to Coverage Risks, Particularly in Florida
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had ...
Key Allianz Insurance Unit Slumps, but PIMCO Arm Excels
Allianz SE, the German insurer that owns bond manager Pacific Investment Management Co., relied on inflows at the asset management unit to offset lower earnings at its property and casualty business. ...
Digital Auto Insurer Root Jumps Into Rental Insurance Market
Root Insurance, an InsurTech startup known for selling auto insurance, is expanding into the renters market. The Ohio-based InsurTech is launching a renters insurance product it bills as "affordable" ...
Investors Approve of Argo CEO Watson’s Departure; Q3 Results Are Mixed
The day after Argo Group International Holdings announced CEO Mark Watson III was retiring "immediately," investors seemed ecstatic, driving the company's stock price up 5.6 percent on Nov. 6. ...
Former AIG Executive Wins Legal Bid for $9 Million Crisis-Era Bonus
A former American International Group Inc. senior trader won his bid for 8.3 million euros ($9.2 million) in bonuses in a dispute at France's highest court that dates back to the financial crisis a ...
The Latest Launches From Coalition and AIR Worldwide
Coalition is debuting a free, publicly available cybersecurity and risk assessment tool. Catastrophe risk modeling firm AIR Worldwide released a Multiple Peril Crop Insurance Model for ...
California Utility on the Hotseat Over Cable That Failed Before Massive Wildfire
A federal judge overseeing the probation of utility giant PG&E Corp. is demanding information on a power line that failed minutes before a massive wildfire broke out last month in Northern ...