Personal Lines
AIG’s P/C Business Squeaks Into the Black; Net Income Soars
AIG's property/casualty insurance business squeaked into the black during the first quarter after losing money a year ago, and the company's overall net income grew substantially, thanks in part to ...
Progressive ‘Crushing It’ on Profit: Berkshire’s Jain and Buffett
Berkshire Hathaway Chair Warren Buffett and Vice Chair Ajit Jain admit that GEICO ranks behind Progressive in its ability "match rate to risk," but both competitors will soon surpass State Farm and ...
Allstate Books $1.4B Q1 Loss Over Life and Annuity Divestitures
Allstate lost more than a billion dollars during the first quarter, stemming from the sale of its life insurance and annuity business. But the company substantially boosted revenues based on ...
Metromile Will Let Customers Use Bitcoin to Buy Insurance, Get Claims Payments
Metromile plans to start letting customers use bitcoin to buy insurance or receive payments for insured claims, beginning later this year. The San Francisco-based InsurTech said the use of bitcoin ...
Jobs Might Be in Jeopardy if Workers Refuse COVID Vaccine
Texas nurse Jennifer Bridges plans to go to work on June 7, like it's any other day. The only difference is, when she gets there she expects to be fired. That day is the deadline her employer, ...
How COVID Impacts Insurance in Unforeseen Ways
Having recently marked the one-year anniversary of the COVID-19 pandemic, it seems like an opportune time to consider how the pandemic has impacted the insurance industry. While business interruption ...
Global P/C Insurance M&A Activity Soared Even With Pandemic Obstacles: Conning
Global P/C insurance M&A activity was "surprisingly rigorous" in 2020 despite significant challenges created by the coronavirus pandemic, Conning said. Conning tracked $28.6 billion in ...
Insurers Are Waking Up to Multi-Factor Authentication
Insurance use cases for multi-factor authentication (MFA) include distributor access, external user access (e.g., claims vendors, financial advisers), internal user access and policyholder access. ...