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Allianz, Hartford and Nationwide are among large insurers that aren't covering marijuana-related businesses.
AIG had 'severe losses' of $293 million in Q2, which it said was 'more than double the long-term average.'
There's a hot new business that more and more firms are looking to get into: crypto insurance.
A string of disasters has pummeled the biggest U.S. insurers over the past year, and Q2 was no exception.
Greenberg said cyber risk is insurable and that 'Chubb is a large writer' of the coverage.
Amazon has explored ways to offer insurance as part of a push into other consumer offerings including robots to use in the home.
Progressive, Travelers Cos. and Chubb have collectively decreased their holdings of municipal bonds by $2.37 billion.
Progressive, Travelers Cos. and Chubb have collectively decreased their holdings of municipal bonds by $2.37 billion.
Insurance results were hurt by catastrophe costs and a decline in net premiums written.
Insurance results were hurt by catastrophe costs and a decline in net premiums written.
{ "author": { "name": "Brian Louis", "webUrl": "/author/profile/brian-louis/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 14, "social": [], "articles": [ { "uri": "/2018/08/24/legal-marijuana-many-insurers-just-wont-touch-it/", "title": "Legal marijuana: Many insurers just won't touch it", "byline": "Brian Louis", "kicker": "Market Insights", "prettyDate": "August 24, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/08/marijuana-plants-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/market-insights/", "sectionName": "Market Insights" } ], "summary": "Allianz, Hartford and Nationwide are among large insurers that aren't covering marijuana-related businesses.", "body": null }, { "uri": "/2018/08/03/aig-falls-as-profit-stung-by-investments-underwriting-slump/", "title": "AIG falls as profit stung by investments, underwriting slump", "byline": "Brian Louis", "kicker": "News", "prettyDate": "August 03, 2018", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/08/AIG-pedestrians-building-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "AIG had 'severe losses' of $293 million in Q2, which it said was 'more than double the long-term average.'", "body": null }, { "uri": "/2018/07/19/crypto-heist-insurance-is-the-hot-new-play-in-bitcoin-wild-west/", "title": "Crypto-heist insurance is the hot new play in bitcoin Wild West", "byline": "Olga Kharif, Brian Louis, Julie Edde and Katherine Chiglinsky", "kicker": "News", "prettyDate": "July 19, 2018", "timeToRead": "8 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/07/bitcoin-laptop-man-mug-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/olga-kharif-brian-louis-julie-edde/", "name": "Olga Kharif, Brian Louis, Julie Edde" }, { "webUrl": "/author/profile/katherine-chiglinsky/", "name": "Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "There's a hot new business that more and more firms are looking to get into: crypto insurance.", "body": null }, { "uri": "/2018/07/19/catastrophes-unlike-anything-in-past-decade-wallop/", "title": "Catastrophes unlike anything in past decade wallop U.S. insurers", "byline": "Brian Louis", "kicker": "News", "prettyDate": "July 19, 2018", "timeToRead": "1 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/07/weather-disaster-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A string of disasters has pummeled the biggest U.S. insurers over the past year, and Q2 was no exception.", "body": null }, { "uri": "/2018/06/07/buffetts-wrong-on-cyber-insurance-risk-chubbs-greenberg-says/", "title": "Buffett's wrong on cyber insurance risk, Chubb's Greenberg says", "byline": "Brian Louis", "kicker": "News", "prettyDate": "June 07, 2018", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/06/Greenberg-Evan-NEW-6.8.18.jpg", "width": "610", "height": "372" }, "authors": [ { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Greenberg said cyber risk is insurable and that 'Chubb is a large writer' of the coverage.", "body": null }, { "uri": "/2018/06/07/will-amazon-truly-shake-up-the-homeowners-insurance-market/", "title": "Will Amazon truly shake up the homeowners' insurance market?", "byline": "Katherine Chiglinsky and Brian Louis", "kicker": "News", "prettyDate": "June 07, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/06/amazon-logo-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/katherine-chiglinsky/", "name": "Katherine Chiglinsky" }, { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Amazon has explored ways to offer insurance as part of a push into other consumer offerings including robots to use in the home.", "body": null }, { "uri": "/2018/05/17/insurers-pull-back-from-municipal-bond-market-as-t/", "title": "Insurers pull back from municipal-bond market as tax rates fall", "byline": " Katherine Chiglinsky, Romy Varghese and Brian Louis ", "kicker": "News", "prettyDate": "May 17, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/scaling-back-munis-bloomber.png", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/katherine-chiglinsky-romy-varghese/", "name": "Katherine Chiglinsky, Romy Varghese" }, { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Progressive, Travelers Cos. and Chubb have collectively decreased their holdings of municipal bonds by $2.37 billion.", "body": null }, { "uri": "/2018/05/17/insurers-pull-back-from-municipal-bond-market-as-tax-rates-fall/", "title": "Insurers pull back from municipal-bond market as tax rates fall", "byline": "Katherine Chiglinsky, Romy Varghese and Brian Louis", "kicker": "News", "prettyDate": "May 17, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/scaling-back-munis-bloomber.png", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/katherine-chiglinsky-romy-varghese/", "name": "Katherine Chiglinsky, Romy Varghese" }, { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Progressive, Travelers Cos. and Chubb have collectively decreased their holdings of municipal bonds by $2.37 billion.", "body": null }, { "uri": "/2018/05/03/aig-sees-q1-profit-decline-hurt-by-cat-costs-premi/", "title": "AIG sees Q1 profit decline", "byline": " Brian Louis ", "kicker": "News", "prettyDate": "May 03, 2018", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/AIG-flag-MarkLennihan-AP_090317051960.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Insurance results were hurt by catastrophe costs and a decline in net premiums written.", "body": null }, { "uri": "/2018/05/03/aig-sees-q1-profit-decline-hurt-by-cat-costs-premiums-written-decline/", "title": "AIG sees Q1 profit decline", "byline": "Brian Louis", "kicker": "News", "prettyDate": "May 03, 2018", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/AIG-flag-MarkLennihan-AP_090317051960.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/brian-louis/", "name": "Brian Louis" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Insurance results were hurt by catastrophe costs and a decline in net premiums written.", "body": null } ] } }
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