Underwriting
U.S. P/C Catastrophe Losses Reached a Record $53B in 2017: A.M. Best
U.S. P/C insurance catastrophe losses in 2017 reached $53 billion in 2017, a surge of close to 110 percent compared to 2016, according to a new A.M. Best report. As expected, insured losses from ...
Govt. Investigating Death of Woman Hit, Killed by Uber Self-Driving SUV
A woman crossing a street was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, leading the ride services company to suspend its autonomous vehicle program ...
Fidelity National Strengthens Title Insurance Biz With $1.2B Stewart Information Buy
Financial services provider Fidelity National Financial Inc said on Monday it would buy insurer Stewart Information Services Corp in a $1.2 billion deal to strengthen its residential and commercial ...
While Climate Risk Grows, States Ease Off Building Codes
The showdown in the Florida statehouse last year had all the drama of a knock-down political brawl: Powerful industries clashing. Warnings of death and destruction. And a surprise last-minute vote, ...
Lawmakers Recommend Longer Brexit Process If Delays Would Help
Britain should consider a limited extension to its exit process from the European Union if needed to ensure details of its future relationship with the bloc are agreed, a committee of lawmakers said ...
Pinnacle Teaming Up With Carfax on Data Analytics Group for Auto Insurers
Pinnacle Actuarial Resources has teamed up with Carfax Banking & Insurance Group to deliver actionable, data-driven insights to automobile insurance carriers, the two said in a statement last ...
Court Docs Show Automakers Knew Earlier About Takata Air Bag Issues
General Motors Co, Volkswagen AG, Fiat Chrysler Automobiles NV and Daimler AG knew of problems with Takata air bag inflators and should have moved faster to recall vehicles, according to company ...
Chubb CUO Sees Small-Biz Market More Reachable With Low-Touch Underwriting
An industry with 75-100 percent of small commercial business potentially written on a straight-through basis—untouched by human underwriters—is on the near-term horizon, and Chubb is embracing ...