Personal Lines
Capitol Hill Leaders McConnell, Hoyer Measure Industry Expectations Before Big ‘I’ Lobbying Push
Two congressional leaders stood before an audience of more than 1,000 insurance agents and brokers on April 19 to tell them, in part, how important their industry is to the economy and the country. ...
More Than 60 Insurers in Gibraltar Could Bypass Brexit Through Spain
A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea ...
Assurant Gets A.M. Best Financial Strength Ratings Affirmation
Assurant can celebrate the fact that A.M. Best affirmed its financial strength ratings, but that news also came with a few words of caution. The ratings agency said that there were a few check marks ...
Nationwide Switching to Full Independent Agency Distribution Model by 2020
Independent agents take note—Nationwide may be on your side. Nationwide on Monday announced its intention to shift to an independent agency distribution model over the next two years. The Columbus, ...
InsurTech Carrier CEO Explains Poor 2017 Results; Fields Questions on Reddit
The chief executive officer of an InsurTech insurance company responded to recent reports about his company's unfavorable 2017 loss ratio result on a social news platform last Friday. "We want to ...
Tesla Draws Negative Response for Blaming Autopilot Death on Driver
Consumer-safety advocates and autonomous-vehicle experts criticized Tesla Inc. for issuing another statement about the death of a customer that pinned the blame on driver inattentiveness last week. ...
SimpleSafe Hires Adviser to Vet Takeover Bid
Home-security technology company SimpliSafe Inc. is working with deal adviser Qatalyst Partners to help evaluate an acquisition offer, according to people familiar with the matter. SimpliSafe's ...
Wildfire Fallout: Everest Re Estimates $100M Q1 2018 Catastrophe Loss
Everest Re Group disclosed it will be dealing with $100 million in estimated catastrophe losses for its 2018 first quarter. California wildfires and related events are to blame. The Bermuda-based ...