Daily news and analysis on insurance industry trends, regulations, and market insights
(Reuters) – The collision of an American Airlines regional jet and an Army Black Hawk helicopter near Ronald Reagan Washington National Airport last year that killed 67 people was the result of
PG&E Corp. is warning that it may shut off power to some customers in northern California this weekend as dry winds elevate the risk of wildfires. California’s biggest utility may switch off
The margin economics of small-group benefits have always been punishing. Automation is changing the calculation - and some agencies that gave up on the line of business entirely are finding their way
The Sept. 2 to 3 severe storm outbreak in Southern Ontario, Canada, caused an estimated insurance industry loss of 563 million Canadian dollars ($396 million), according to Toronto-based Catastrophe I
A roofing contractor in Florida buys a general liability policy. Between him and the capital that stands behind the policy sits a supply chain: a retail agent, a wholesale broker, an underwriter, a li
In one alarming announcement after another, artificial intelligence companies in recent months have shared examples of their technology acting in ways that appeared to evade instructions from humans.
Rising business interruption losses are increasingly hitting companies, with fire and explosion driving the costliest claims at roughly 2.9 billion euros ($3.3 billion) as the average value of claims
Chevron’s Pascagoula refinery is inside the hurricane warning area, and brokers are putting early insured losses at $3 billion to $5 billion
The Cardiff insurer confirms that part of the work at risk in its UK cuts will move to India, but won’t say how much
ACES Specialty Insurance will begin writing in Florida, Texas and South Carolina on December 1, adding a direct market for catastrophe-exposed placements
Comlete nationwide coverage with licensed, PX Certified property loss experts working under one methodology, supported by the technology PropertyExpert has used to process more than one million claims
Repair prices are holding steady because contractors are absorbing the cost. That may not last.
PG&E Corp. is warning that it may shut off power to some customers in northern California this weekend as dry winds elevate the risk of wildfires. California’s biggest utility may switch off
The first US hurricane threat in nearly two years brings flood, deductible and BI gaps back into focus for commercial clients
Top executives at Prudential Financial Inc.’s Japan unit will take pay cuts after a panel of outside experts issued a report on widespread employee misconduct involving customers’ money. P
London’s High Court on Thursday refused claimants permission to appeal against its July decision which broadly found in favor of some of the world’s biggest carmakers over diesel emissions
Amica Insurance announced a program that provides policyholders with access to a smart water leak detection monitoring service. Under a partnership with technology firm Flume, Amica home policyholders
Isaias suddenly strengthened into a Category 3 hurricane as of Friday morning, Oct. 9, and remained on course to hit the Pensacola-Panhandle area of Florida with more than six feet of storm surge, str
Shareholders have now backed the move to Delaware and New York.
Japan’s government plans to extend a special measure providing reinsurance-equivalent coverage for tankers carrying Iranian crude to Japan to include crude from other countries, liquefied natural gas
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