Commercial Lines
Technology and Tariffs: Chubb CEO Greenberg Sounds Off
To carriers seeking to modernize and digitize, Chubb CEO Evan Greenberg has this to say: It's all about scale. Greenberg, speaking during the company's 2018 second quarter earnings call on July 26, ...
MGA Sciemus Is Rebranded and Appoints a New CEO
Sciemus, a specialty managing general agency (MGA), is undertaking a series of changes starting with a new name, Occam Underwriting. "Taking its name from 'Occam's razor,' the problem-solving ...
Canadian Insurer Intact Financial Backs Autonomous Car Startup Geared to Florida Retirees
There's a village in Florida where self-driving cars rule the road, and a Canadian insurance firm wants to come along for the ride. Toronto-based Intact Financial Corp. is investing $3 million in ...
Professor Sues Lyft Over Ride Sharing Technology, Alleging Insufficient Compensation
A retired Georgia Institute of Technology engineering professor described as a "pioneer" in developing the idea of ride sharing sued Lyft Inc, claiming it infringed his patent for technology ...
Insurers Faced Lower-Than-Average Natural Disaster Losses in H1: Impact Forecasting
It looks like economic and insured losses were relatively benign in the first six months of 2018. Global economic losses for natural disasters hit the $45 billion mark in the 2018 first half. Insured ...
Chubb’s Q2 Net Income Nearly Flat From Last Year; P/C Net Premiums Grow
Chubb's net income was essentially flat during the 2018 second quarter, but Chairman and CEO Evan Greenberg said the insurer continues to thrive, citing growth in P/C net premiums written and strong ...
Waymo, Walmart to Test Self-Driving Cars Ferrying Shoppers in Arizona
Alphabet Inc's Waymo is starting trials to ferry shoppers to Walmart Inc's stores in Phoenix, Arizona, the company said on Wednesday. Walmart shoppers in Phoenix metropolitan area can order groceries ...
XL Catlin Will Sell On-Demand Cyber Cover Using Slice Labs’ Cloud-Based Platform
XL Catlin will use Slice Labs' cloud-based, pay-per-use platform for a new cyber insurance product. The insurer and reinsurer plans to offer the new coverage for U.S. small and medium-sized business ...