Personal Lines
Executives On The Move at Preferred Mutual, Munich Re and AXA XL
Preferred Mutual Insurance Company named a new president/CEO and chief operating officer. Munich Re's Digital Partners appointed a new President for its North America region. AXA XL Insurance has ...
Tokyo Struck by Strongest Earthquake Since 2011; Injuries Reported
A magnitude 5.9 earthquake struck near Tokyo late Thursday, rattling parts of the capital the most since the March 2011 disaster. Few train services remained disrupted the next morning, while some ...
Germany’s Getsafe Raises Another $63M Toward Bid to Become Full-Stack Carrier in Europe
Getsafe, a digital MGA based in Germany, raised another $63 million in funds, with plans to use the added cash to fund its own insurance license by the end of 2021 and accelerate its European ...
Nobel Laureate Argues Central Banks Lack Tools to Fight Climate Change
Central banks are at risk of over-promising on how they can respond to the challenges posed by climate change, a Nobel economics laureate whose work questions how well economic models cope with ...
J.D. Power Agents’ Survey Reveals Top-Ranked P/C Carriers (Story in Charts)
Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are moving higher, J.D. Power reports. According to ...
U.S. Senators See ‘Actuarial Disaster’ on the Horizon With Flood Risk Rating 2.0
U.S. senators from coastal states are predicting "an actuarial disaster" in the future once FEMA's new flood insurance rating systems goes into full swing. In a press call on Sept. 30, Louisiana Sen. ...
At ITC Vegas 2021, Chubb CEO Greenberg Put InsurTechs in Their Place
Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of InsurTech entrepreneurs, Chubb CEO Evan Greenberg ...
Usage-Based MGA VOOM, Commercial Auto MGA Cover Whale Raise New VC
VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA ...