U.S.
The Latest Launches From Bunker, BHSI, AXA and USAA
Bunker is now offering a real-time proof of insurance process for on-demand workers. Berkshire Hathaway Specialty Insurance is expanding its North American Transactional Liability Insurance business ...
Travelers Seeking Higher Premiums in California After Two Years of Fire Losses
California's deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state. After "two significant years in a row of losses, I think the discussion and the debate ...
InsurTech MGA Clearcover Pulls in $43M Series B; American Family Among Investors
American Family Insurance joined onto a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicaco, ...
2018 Catastrophe Losses Faced 60 Percent Protection Gap: Aon
Economic costs of 2018's 394 natural catastrophe events came to $225 billion with insurance covering $90 billion of the overall total. The results reflect the fourth costliest year on record of ...
Travelers Combined Ratio Ticks Higher; Q4 Profit Exceeds Estimates
Insurer Travelers Cos Inc reported a better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. ...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the ...
Hurricane Florence Demonstrates Perils of Being Underinsured/ Uninsured, Says RMS
Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. "The ...
Two Markel CATCo Execs Depart After Discovery of ‘Undisclosed Personal Relationship’
Markel Corp. said two executives from one of its divisions have departed after an ongoing internal review discovered an "undisclosed personal relationship" between them that violated company ...