Markets
Travelers Boosted Q2 Net Income, Thanks to Lower Cat Losses and Investment Income Spike
The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. Lower catastrophe losses and higher ...
Misclassification Impedes Insurers’ Ability to Underwrite Risks
Over the years, one of the key challenges for insurers in underwriting small and midsize businesses involves misclassification of the risk. Not surprisingly, more often than not, inaccurate ...
Startups Focused on Smart Home, Contract-Management AI Tech Secure Financing
Two startups have raised early stage financing designed to advance technology from which insurers can benefit. One company is developing smart home technology to help reduce claims risks. Another is ...
Updated: The Top 10 P/C Insurance Carrier CEO Salaries
Progressive Corp.'s Susan Patricia ("Tricia") Griffith earned the fifth-highest U.S. property/casualty insurance CEO salary in 2018, even as the company she runs landed in the top slot in terms of ...
Executives On The Move at AIG, Liberty Specialty Markets and Alliant
AIG hired a former pharmaceutical company executive to be its new Chief Human Resources Officer. Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, a former British cyber ...
China Opens Door to More Foreign Investment in Financial Sector
China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors ...
Privacy Lawsuits Benefit Attorneys More than Consumers: Chamber Study
Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to consumers, a report from the U.S. Chamber of Commerce's ...
Google Settles 2010 Privacy Lawsuit With Modest Payment Agreement
Google is poised to pay a modest $13 million to end a 2010 privacy lawsuit that was once called the biggest U.S. wiretap case everand threatened the internet giant with billions of dollars in ...