U.S.
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...
The Latest Launches From MS Amlin/Envelop Risk and Verisk’s PCS
MS Amlin and Envelop Risk formed a new underwriting partnership focused on cyber reinsurance. Verisk's Property Claim Services beefed up its PCS Global Cyber service with coverage for cyber ...
Digital Carrier Next Insurance Starts Offering Commercial Auto Insurance Policy
Digital carrier startup Next Insurance is debuting its first commercial auto insurance policy. Small businesses can now purchase a commercial car insurance policy separately from Next, or at a ...
Safeco Will Take Over Donegal Mutual’s Personal Lines Biz in 7 States
Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to ...
Wells Fargo Plan to Repay Customers Pushed Into Unnecessary Auto Insurance Reportedly Rejected by Regulators
U.S. regulators have rejected Wells Fargo & Co's plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated ...
NRA-Marketed Insurance Hit With Crackdown From California Regulators
California's insurance regulator ordered the National Rifle Association to stop marketing an insurance product without being licensed. A "Carry Guard" product was allegedly being marketed by the NRA ...
Hurricane Florence Already Triggering Business Interruption Policies
Hurricane Florence is still hundreds of miles off the U.S. East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let ...
Executives On The Move at Zurich, AIG and RMS
Zurich Insurance named a new chief underwriting officer for its Zurich North America Unit. AIG appointed an XL Catlin veteran to lead its Bermuda business. Catastrophe modeler RMS appointed a former ...