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Allstate estimates June catastrophe losses at US$335 million

July 24, 2017 by Canadian Underwriter

The Allstate Corp. announced July 20 it estimates its catastrophe losses for the three months ending June 30 will be $993 million, pre-tax, of which $310 million is from 17 events in June alone. Northbrook, Ill.-based Allstate reported in August,

News Commercial LinesInsuranceMarkets / CoveragesTechnology

CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims

July 13, 2017 by Canadian Underwriter

CRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more

News CatastrophesCommercial LinesInsuranceMarkets / CoveragesPersonal Lines

Hannover Re, Guy Carpenter place $960 million worth of ILS transactions in three U.S. states

July 12, 2017 by Canadian Underwriter

Hannover Re announced Wednesday it has completed three insurance-linked securities transactions, through Marsh and McLennan Companies Inc.’s GC Securities unit, with a total value of $960 million. All figures are in United States dollars. Hannover Re said it transferred $750

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Homeowners could see cheaper premiums with private insurance than with NFIP: report

July 11, 2017 by Canadian Underwriter

A majority of single-family homes in Florida, Texas and Louisiana could see cheaper premiums with private insurance than with the National Flood Insurance Program (NFIP), according to a briefing paper from Milliman, a provider of actuarial and related products and

News CatastrophesCommercial LinesInsurancePersonal Lines

Suspected tornado flattens businesses in Alabama

June 22, 2017 Kevin McGill - THE ASSOCIATED PRESS

NEW ORLEANS – A suspected tornado near Birmingham, Alabama, flattened businesses and injured one person Thursday, while the mayor of a coastal Louisiana town urged residents to evacuate ahead of a rising tide – two lingering effects of a weakening

News CatastrophesInsurancePersonal Lines

Number of lightning-related homeowners insurance claims in the U.S. up in 2016, but average cost for insurers down: I.I.I.

June 16, 2017 by Canadian Underwriter

The number of homeowners insurance claims from lightning strikes and electrical surges in the United States rose in 2016, compared with 2015, but the average cost that insurers paid on those claims fell, according to a new analysis by the

News Climate ChangeCommercial LinesConstructionInsuranceMarkets / Coverages

Climate change raises new risk: Are inland bridges too low?

June 6, 2017 Scott McFetridge - THE ASSOCIATED PRESS

DES MOINES, Iowa – A century-old train trestle stands as one of the trophies of Des Moines’ push to spruce up its downtown. Bicyclists and pedestrians pose for pictures beside the brightly painted beams of the Red Bridge and gather

News Commercial LinesInsuranceLegislation / RegulationMarkets / CoveragesPersonal LinesProductsTechnology

Slice launches “first on-demand insurance platform” for homeshare hosts in 13 states

June 1, 2017 by Canadian Underwriter

Slice Labs Inc., a technology company offering what it calls “the first on-demand insurance platform in the United States,” announced on Wednesday the launch of their homeshare insurance product in 13 states. Homeshare hosts in 13 states – California, Colorado,

News CatastrophesConstructionInsurancePersonal Lines

Nearly 6.9 million U.S. homes at risk of hurricane storm surge damage in 2017: CoreLogic

June 1, 2017 by Canadian Underwriter

Nearly 6.9 million homes along the Atlantic and Gulf coasts in the United States are at potential risk of damage from hurricane storm surge inundation, according to CoreLogic’s 2017 Storm Surge Report. On Thursday, the global property information, analytics and

News CatastrophesCommercial LinesInsurancePersonal Lines

Storms pummel central U.S., as tornadoes kill at least two

May 17, 2017 The Associated Press (APR)

ELK CITY, Okla. – Storms whipped through a wide swath of the central U.S., forming tornadoes that flattened a Wisconsin mobile home park and an Oklahoma subdivision and killing at least two people and injuring dozens of others. The storms

News CatastrophesCommercial LinesInsuranceMarkets / CoveragesPersonal LinesProductsTechnology

Aviva Canada and Hail Storm Products partner up for discount on auto hail protector system

May 2, 2017 by Canadian Underwriter

Aviva Canada and Hail Storm Products have teamed up, with the insurance company announcing on Tuesday that customers can now take advantage of an exclusive 20% discount on the Hail Protector Automobile Hail Protection System. “As the world’s only patented

News InsurancePersonal LinesProfessional DevelopmentTechnology

FCA, Google begin offering rides in self-driving cars

April 25, 2017 Dee-Ann Durbin - THE ASSOCIATED PRESS

DETROIT – Fiat Chrysler and Google for the first time will offer rides to the public in the self-driving vehicles they are building under an expanding partnership. The companies announced in the spring of last year that they would build