Industry News
AM Best Downgrades State Farm General Ratings
Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those ...
Tech Bytes: New Partnerships at bolt, Resilience, UVeye
InsurTech bolt announced a partnership with WorldTrips, a full-service company providing travel insurance plans and assistance services to individuals, families, corporations, and service groups ...
AI Gun Detection InsurTech ZeroEyes Selected for Lloyd’s Lab
ZeroEyes, the creators of an artificial intelligence-based gun detection video analytics platform, announced that it has been selected for the Lloyd's Lab Accelerator program. The company was ...
Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Insurance payouts for Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd's of London Chief Executive Officer John ...
Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Insurance payouts for Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd's of London Chief Executive Officer John ...
Florida Insurers Post a Profit for First Time in 7 Years
Florida insurance companies made money last year for the first time in seven years, thanks to investment income and a mild hurricane season, according to an analysis conducted by S&P Global ...
Bridge Collapse Will Add to Reinsurance Challenges: AM Best
"Reinsurers will bear the bulk of the insured cost of the collapse of the Francis Scott Key Bridge in Baltimore," said Mathilde Jakobsen, senior director, analytics, AM ...
Global Insured Nat Cat Losses Top $100B for Fourth Straight Year: Swiss Re
Global insured losses from natural catastrophes in 2023 exceeded $100 billion for the fourth consecutive year — an indication of the new norm for nat cat losses, according to Swiss Re. Other ...