July 6, 2022
While the market for cyber insurance is expected to remain challenging “for the foreseeable future,” there is optimism for rate stabilization as organization focus on cyber hygiene, according to broker Marsh. In a recent briefing, the broker said “steep rate …
July 6, 2022
Insurance may not save you from summer travel misery. Four in 10 policies don’t protect against strikes, the UK consumer watchdog Which? reported in its annual review. If your airline goes bankrupt, only half will refund your holiday costs. The …
July 5, 2022
MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases were 6% in the first quarter …
July 5, 2022
Physicians Mutual Launches Pet Insurance Physicians Mutual has launched pet insurance for dogs and cats. Physicians Mutual Pet is the company’s first entry into the property/casualty market. Physicians Mutual Pet is currently available in 34 states amid a national rollout. …
June 30, 2022
Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulatory requirements. The models are …
June 29, 2022
SureChoice Underwriters Reciprocal Exchange launched its first commercial insurance product for small- and medium-sized businesses in Texas. SURE’s business owners policy combines both property and general liability coverage in one package addressing the most common risks for businesses. The product …
June 23, 2022
Nexus Underwriting Establishes Financial Lines Division, Nexus Frontier Independent specialty managing general agent Nexus Underwriting reports it has formed a new division, Nexus Frontier. Frontier is a financial lines MGA structure for Nexus where fronted insurance arrangements will be housed. …
June 22, 2022
Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the funds matched by the European Space Agency (ESA). BirdsEyeView uses satellite data to structure insurance coverage for severe weather events …
June 22, 2022
Digital insurer Hippo Insurance Services announced the availability of its home insurance products in Massachusetts. Residents of the Bay State can now access Hippo’s home insurance coverage, as well as company-provided smart home devices. With the addition of Massachusetts, Hippo …
June 21, 2022
The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM Best in a recent market report. As part …