Commercial Lines
Allstate CEO Sees Transport Advances Leading to Unrivaled Chance for Wealth Creation
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said the country's transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the ...
Has the Reinsurance Cycle Reached Bottom? Opinions Vary at the Rendez-Vous
It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year's reinsurance ...
We Could Have a $500M U.S. Drone Insurance Market by 2020
The fledgling drone insurance market could be worth more than $500 million in the U.S. by the end of 2020 and $1 billion globally, assuming growth projections for the technology's commercial use ...
Willis Re Upgrades Its Cyber Portfolio Management Tool
Willis Re, the reinsurance division of Willis Towers Watson, has launched the next generation of its cyber risk portfolio modeling tool PRISM-Re. PRISM-Re was first released in February 2015 to help ...
Soft Market Helping AIG to Refocus; P/C Bolt-On Deals Possible: Schimek
The leader of American International Group's commercial businesses said low-billion-dollar acquisitions could be part of the go-forward strategy during a conference yesterday, where he also revealed ...
Lloyd’s Chairman: Many Companies Waiting to Join, Undaunted by Brexit
The Lloyd's of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain's vote to leave the European Union casts doubt over its European ...
AIR Worldwide Expands Terrorism Model Globally
Catastrophe risk modeler AIR Worldwide has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other countries to help companies assess the ...
U.S. Commercial Insurance Prices Continue Sluggish Advance: Willis Towers Watson
"Flat" continues to be the norm for U.S. commercial insurance prices as 2016 advances. Prices in aggregate for the sector ticked up by less than 1 percent in the 2016 second quarter, just as they did ...