Personal Lines
Telematics: It’s Not Just for New Business Pricing Anymore
GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...
Florida’s Latest Property Insurance Reform: Too Little, Too Late?
A bill passed by the Florida Legislature to address the state's property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to ...
IoT Data Can Help Insurers Cover Existing and New Risks Alike: Geneva Association
Data from Internet of Things-related (IoT) devices is a potential boon to insurers, giving them new options for covering existing and new risks alike, according to a new report published by The ...
Chubb Awards $1.1M in New Philanthropic Grants to Fight Racism
Chubb said it is strengthening its efforts to fight racism in America's justice system through $1.1 million in new philanthropic grants. The money is divided into four grants designed to promote ...
Auto Insurance Shopping Rates Up for Q1 2021 Despite Slow Start: LexisNexis
A devastating winter storm and delayed tax returns hampered auto insurance growth rates in February, but a surge in March led to significant year-over-year increases for both shopping and new ...
U.S. P/C Insurance Customers Aren’t Too Happy With Digital Improvements: J.D. Power
Property/casualty insurers, particularly after a year of pandemic-related quarantines, are increasingly shifting to digital distribution channels. Customers aren't particularly happy with the ...
2020 Cyber Insurance Claims Spike Counteracted Premium Jump, Hurting Underwriting Results
Cyber insurance premiums are soaring, but a spike in claims led to a decline in 2020 underwriting performance, according to a new Fitch Ratings update. Standalone cyber insurance generated an ...
Partnerships Can Help InsurTechs Raise Money and Build Prestige
With all the options that InsurTechs have these days to raise money and build prestige, partnerships can offer an efficient way to do both. But they're not without their own risks. "Partnerships are ...