Underwriting
Wildfire Near Misses Spark Greater Push for Mitigation Efforts
As the Missionary Ridge Fire raged in 2002, the Valley Fire, a second fire, broke out and destroyed six homes within hours near the Falls Creek Ranch subdivision north of Durango, Colo. When ...
Argo Group, Joining Other Carriers, Ends Coverage of Canada’s Trans Mountain Pipeline
Lloyd's insurer Argo Group has decided to stop insuring Canada's Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other ...
Climate Stress Test for Insurers and Banks Debuts at Bank of England
The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine ...
Time For Insurers to Reassess ‘Grim’ Cyber Insurance Market: AM Best
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, "prospects for the U.S. cyber insurance market are grim," according to a report ...
Insurers Get Low Grades on Climate Change, Biodiversity Loss Action
Most of the world's largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss, but a group of five U.S. insurers are some of those that rank the ...
Introducing the World’s First ‘Fully Sustainable’ Insurer, Parhelion
Howden, the London-based insurance broker, announced it is launching a UK insurer called Parhelion, which it describes as "the world's first fully sustainable insurer." Aiming to raise $500 million ...
Telematics: It’s Not Just for New Business Pricing Anymore
GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...
IoT Data Can Help Insurers Cover Existing and New Risks Alike: Geneva Association
Data from Internet of Things-related (IoT) devices is a potential boon to insurers, giving them new options for covering existing and new risks alike, according to a new report published by The ...