Underwriting
XL Catlin Helps Back Embroker, an Automated Broker Startup
XL Catlin's investment arm contributed to a $12.2 million venture-funding round for Embroker, a startup focused on automating the insurance broker experience for small and midsize business owners. ...
New Allstate App Helps Customers Obtain Auto Repair, Maintenance Services
Allstate has teamed up with Openbay, an online marketplace for non-collision auto-repair and maintenance services, to allow consumers to obtain multiple price quotes and schedule auto repairs for ...
Activist Investor Carl Icahn Buys More AIG Shares
Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent ...
Slow 2015 Premium Growth Could Reflect ‘New Normal’ for U.S. P/C Insurers
For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry's collective combined ratio worsened slightly, according to a new ...
Self-Driving Cars Could Create Traffic Congestion Surge
Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. Experts foresee robot ...
National Commission on Cybersecurity Convenes in NYC on May 16
A national commission focused on developing ways to enhance national cybersecurity is set to meet on May 16 in New York City, and property casualty insurers are making sure they have a stake in the ...
Suit Alleging UBS Liable for $2B in Mortgage Bond Losses in Judge’s Hands
UBS AG urged a U.S. judge on Friday to reject claims that it should be held liable for $2 billion in losses that investors incurred on mortgage-backed securities issued before the collapse of the ...
China Hackers Test U.S. Economic, Diplomatic and Defense Capabilities
China's military conducted cyber probes and intrusions against U.S. computer networks to support intelligence collection and electronic warfare, according to a new Pentagon report. "China is using ...