Underwriting
Root Insurance Enters California Market, Where Telematics Underwriting Tool Doesn’t Apply
Root Insurance, an auto insurance startup that does business via smartphone, has entered the California market. But there's a catch. Root's app uses smartphone technology, telematics and data science ...
Updated: AIG’s General Insurance Unit Turns a Profit for the Second Quarter in a Row
American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer's General Insurance unit will produce an underwriting profit for all of 2019, after a decade of ...
Novel Opioid Settlement Talks Framework Draw Federal Judge’s Support
A federal judge on Tuesday expressed support for a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every community ...
For Munich Re, Claims Decline and Net Profit Soars
German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million ...
As Hacker Attacks Swell, Cybersecurity Experts Can Name Their Price
It took a $650,000 salary for Matt Comyns to entice a seasoned cybersecurity expert to join one of America's largest companies as chief information security officer in 2012. At the time, it was among ...
Kemper’s 2018 Infinity Acquisition Is the Gift That Keeps on Giving
Kemper Corp.'s produced mostly stellar 2019 second-quarter results, highlighted by a continued boost from its July 2018 $1.3 billion acquisition of specialty auto insurer Infinity Property and ...
Travelers Must Face Bad Faith Contract Claim After Appeals Court Ruling
Kyle and Marie Stechert say they rushed to buy another car after their vehicle was "totaled" in an accident because their insurance carrier refused to keep paying for their rental vehicle. The new ...
Climate Change Worsened Europe’s Record Heatwave in July
Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history, according to the UN's World Meteorological Organization. "This is not your ...