Markets
Auto Insurance Becoming More Affordable
Personal auto insurance has become more affordable over the last three decades for all income groups, according to a new report from the Insurance Research Council (IRC). The average U.S. consumer ...
Executives On The Move at CNA, Munich Re, Liberty Mutual and More
We have some new executive appointments to tell you about at CNA, Munich re, Hallmark Financial Services, Marsh and Liberty Mutual Insurance: *** CNA hired on a Chubb executive as its new senior vice ...
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 ...
Zurich Insurance Makes Conditional $8.8B Offer For RSA
RSA Insurance Group Plc rose in London after Switzerland's Zurich Insurance Group AG made a conditional offer to buy the company for about 5.6 billion pounds ($8.8 billion). The shares increased 4.8 ...
Asia Faces Increasing Windstorm Exposures: Allianz Global Corporate & Specialty
Asia is facing increased exposure to windstorm risks and is projected to be home to eight of the top 10 most exposed cities by 2070, according to a new risk bulletin by Allianz Global Corporate & ...
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 ...
Autonomous Vehicles: Major Disrupter Presents Challenges and Opportunities
Since the early 1960s, the insurance industry has been a major force behind the most significant advances in highway and vehicle safety, including electronic stability control requirements, seat belt ...