News
Insurance
A class-action lawsuit seeking $12.5 billion, or $25 for each customer whose privacy may have been jeopardized, has been filed against Marriott after the hotel chain revealed a data breach affecting 500 million customers of its Starwood hotels, according to a Dec. 1, 2018 report by The Oregonian. 3 December 2018
Insurance
Chubb and Travelers are expected to bear the highest losses from the wildfires in north and south California, according to KBW research. 20 November 2018
Insurance
Losses from the ongoing California wildfires will likely negatively impact fourth-quarter earnings of companies with material property exposure in the state, Fitch Ratings said. 20 November 2018
Insurance
Global premiums in non-life and life businesses are forecast to grow by around 3 percent annually in 2019 and 2020 while the expansion in emerging Asia will be three times higher, according to the latest Swiss Re sigma report. 20 November 2018
Insurance
Global fundraising for insurtech startups has already reached an all-time high in volume in 2018 as of October with 204 deals, following 202 deals in the full year of 2017 and 174 transactions in 2016, according to the latest The Insurtech M&A Market Report by Hampleton Partners. 20 November 2018
Insurance
Silicon Valley-based Venture capital firm Plug and Play Ventures has invested in California-based artificial intelligence (AI) startup Betterview. 20 November 2018
Insurance
Broker Aon has launched an intangible asset insurance cover in line with the change in business models. 20 November 2018
Insurance
Wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures, according to AM Best estimates. 14 November 2018
Insurance
Charles Taylor Managing Agency has placed Syndicate 1884, which is managed by the business, into run-off. 18 October 2018
Insurance
Lower catastrophe losses in the third quarter of 2018 have helped The Travelers Companies to more than double the profit in the period compared to the previous year. 18 October 2018
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