Underwriting
New AIG Cybersecurity Product to Help Protect Wealthy Clients Against Personal Data Theft
American International Group is joining insurers offering products that offer consumers safeguards against hackers and cyber criminals who might steal personal data. The U.S. insurer plans to roll ...
Insurers’ Use of Cell Tower Data to Deny Claims Challenged in Court
It took Jaclyn Bentley nearly three years to prove she didn't burn her house down for the insurance money, allegations she and her lawyer say were born of the junk practice of analyzing cellphone ...
The Latest Launches From AIG and Allianz
A division of Allianz is debuting a video streaming service that lets customers send images in support of their property claims. AIG in the UK will give its customers the ability to upload accident ...
Uber Self-Driving Car Program at Risk; Engineer Allegedly Stole Trade Secrets
A judge said he's inclined to slap an order on Uber Technologies Inc. that may impede its self-driving car program after being told its director won't testify because he faces possible criminal ...
Market Pressures Rise for Bermuda Insurers and Reinsurers: A.M. Best
Bermuda market insurers and reinsurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve ...
Lloyd’s 2016 Underwriting Profit Takes Hit From Higher Natural Catastrophe Losses
Lloyd's reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion). That's level with 2015, despite a worsening of the market's combined ratio at 97.9 percent, compared with 90.0 percent in ...
Insurers Risk Triggering Government Regulation Without Responsible Big Data Usage: Fitch
For insurers, the new world of big data and analytics is one that's relatively unregulated. With that in mind, executives would do well to use these technologies responsibly so they don't stimulate ...
Fraud Probe Proceeds Concerning Exxon’s Disclosure of Climate Change Financial Risks
Exxon Mobil Corp.'s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge ...