Underwriting
AAA: Americans Drive Unsafely, Even Though They Know Better
Auto insurers take note: Many Americans are driving while speeding, sleepy and texting. They also run red lights, even though they know better, according to a new survey. In other words many drivers ...
Insurers Risk Falling Behind in Financial Sector Technology Race
At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are ...
AIG Under New CEO Hancock Reports a Mixed Q4
Insurer American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday, hurt by the performance in its corporate category. AIG also declared a dividend of $0.125 ...
Amica Mutual CEO: 2014 Was When ‘Everything Came Together’
Amica Mutual Insurance Co. boosted its net income, added 46,000 more policies and improved its combined ratio in 2014, the insurer disclosed this week. "It was a year everything came together," Amica ...
U.S. Housing Secretary Says Cutting Mortgage Insurance Fees Strikes Balance
The Federal Housing Administration is not putting its finances at risk by reducing insurance fees it charges lower-income home buyers, the top U.S. housing official said on Wednesday. Last month the ...
Marsh: Expect More U.S. Commercial Lines Softening in 2015
Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in most U.S. commercial lines and conditions are particularly ...
OneBeacon’s Adverse Reserve Developments Draw Fitch and Moody’s Attention
OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody's Investors Service, stemming from substantial adverse reserve development ...
P/C Insurers Expanding Predictive Modeling, Usage-Based Offerings
Property /casualty insurance executives believe that over the past six years predictive modeling has become an essential or very important driver of improved performance and they are broadening their ...