Underwriting
Allstate Using Promise of Retail Therapy to Entice Safer Driving
Allstate believes it can entice customers to drive more safely with the promise of retail therapy. In theory, the added benefit could also attract new clients. The Illinois based multi-line insurer ...
A Strengthened Tropical Storm Erika Heads Toward Florida
Tropical storm warnings were in effect on Wednesday for Puerto Rico and the Virgin Islands as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and ...
State Auto’s New CEO Makes Changes and Brings in New Blood
State Auto Financial Corp. is experiencing some of the first major executive and organizational changes since former Fireman's Fund CEO Michael LaRocco formally took over in May. A key element of ...
Buffett’s GEICO Agrees to California Settlement Over Misleading Price Quotes
GEICO, the auto-insurance unit at Warren Buffett's Berkshire Hathaway Inc., agreed to a settlement with California regulators after its online price quotes misrepresented some coverage as the ...
Uber Lobbies Heavily To Reshape Driver Regulations in California
Uber has spent more on lobbyists in California than Facebook and Apple combined to fend off regulations aimed at the heart of its worldwide business model. The San Francisco company's lobbyists are ...
A.M. Best: China Explosion Insurer Costs Remain in Flux
Some industry watchers are trying to tally carrier claims costs following an Aug. 12 explosion at a key China port. A.M. Best cautions, however, that plenty of variables remain. Among them: the mass ...
Auto Insurers Risk ‘Credit Negative’ Label As Traffic Injuries Rise: Moody’s
With signs pointing to an ongoing rise in U.S. traffic injuries and deaths during the first six months of 2015, Moody's is warning that the trend is credit negative for auto insurers. Moody's ...
Ping An Insurance, Confronting China Slowdown, Boosts Overseas Assets
Ping An Insurance (Group) Co., China's second-largest insurer, is boosting overseas assets as the nation's slowing economy and falling interest rates make it difficult to find investments with ...