Risk
Heading into 2017, Commercial Lines Keeps its A.M. Best ‘Negative Outlook’
The commercial lines segment won't be able to shake the negative outlook A.M. Best assigned it anytime soon. The ratings agency said it will keep that assessment the same heading into 2017, because ...
Google Spins Off Self-Driving Car Project Into New Company
Google parent company Alphabet Inc. is separating its self-driving car project into a new business called Waymo, seeking to sharpen its focus on changing the transportation industry. John Krafcik, ...
Lloyd’s Urges ‘Underwriting Discipline’ in Wake of 2016 Member Losses
Underwriters at Lloyd's of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd's to cut its subscription ...
Crawford & Co. Buys Majority Stake in WeGoLook for $36.1M
Crawford & Co. disclosed it has acquired a majority interest in WeGoLook, an online and mobile collaborative economy platform based in Oklahoma. Crawford, a provider of claims management products ...
National General Takes Nonstandard Auto Renewals in Deal With Nationwide
Nationwide Mutual Insurance Company's distribution force will start selling some National General Holdings Corp. nonstandard auto policies, National General announced Thursday. National General and ...
La Niña Will Chill Northern U.S., Dry Out the South Through Winter
A La Nina that threatens to push cold temperatures across the northern U.S. and extend drought conditions in the south will probably remain in the Pacific deep into the winter, fading away by spring, ...
Insurability Challenges Hamper Cyber Market Development: Geneva Assoc. Report
While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market," according ...
Carriers Can Avoid Some 2017 Uncertainty by Combating Cyber Risk, Embracing Innovation
Property/casualty face uncertainty about how they'll fare in 2017 for a variety of reasons, but there are four ways the sector can boost its odds for success, a new EY report argues. Insurers can ...