Underwriting
Progressive CEO Sees Telematics Edge for Driverless-Car Insurance
Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take the road. The auto insurer offers a device called Snapshot, ...
Agent Commissions Steady But Rising Ad Costs Lift Expense Ratios: Fitch
Even though revenues have climbed for property/casualty insurers in the recent years, underwriting expense ratios "remain stubbornly high," according to a new report by Fitch Ratings. Fitch's ...
Older Drivers Catching Up with Younger in Distracted Driving: Survey
Cell phone use and texting while driving are on the rise along with accessing the Internet while driving — and it's not just young people engaging in these dangerous activities behind the wheel. ...
Berkshire Hathaway Specialty Adds Healthcare Risk Management
Berkshire Hathaway Specialty Insurance is expanding its healthcare professional liability capabilities to provide customers with customized risk management support. The company will now reimburse ...
Thus Far, 2013 Is Seventh Hottest Year, More Warming Expected: WMO
This year is the seventh warmest since records began in 1850 with a trend to weather extremes and the impact of storms such as Typhoon Haiyan in the Philippines aggravated by rising sea levels, the ...
Liberty Mutual to Enter Mexico with Purchase of Surety Company
Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable ...
Flaws Seen in Philippine Disaster Prep, Response
Hours before Typhoon Haiyan hit the Philippines, authorities had evacuated 800,000 people and sent them to sturdy evacuation centers—churches, schools and public buildings. But the brick-and-mortar ...
Haiti, Philippines Suffered Most from Climate-Related Disasters
Haiti and the Philippines suffered the biggest climate-related disasters last year, a study showed as United Nations envoys from 195 nations discussed ways to assist countries coping with the impacts ...