Personal Lines
Insurers Reluctantly Will Abide by New Credit Scoring Ban
The American Property Casualty Insurance Association said its insurers will following the law where it concerns Washington Insurance Commissioner Mike Kreidler's emergency regulation banning the use ...
The Latest Launches From USAA and Neptune Flood
USAA expanded its safe driving app into 10 additional states. Neptune Flood has launched its latest capacity program, which is designed to help provide a private flood insurance alternative to the ...
Toyota to Test Its Self-Driving Cars in a Newly-Built, Sensor-Laden City
In late February, Toyota Motor Corp. President Akio Toyoda gathered with a handful of Shinto priests in a white tent at the foot of Mount Fuji. The group prayed — as is customary when embarking on ...
SEC Mulls New Guidance to Rein in Growth Projections for Reverse Merger Companies
U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to ...
Aon’s $30B WTW Bid Will Reportedly Win EU Approval Without More Concessions
Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. ...
Big Commercial Rate Hikes Continue at Chubb; Investment Portfolio Takes Hit
Chubb's 2021 first quarter landed with massive net income. The company alsi benefited from double-digit commercial premium rate hikes and a healthy P/C combined ratio. COVID-19 continued to adversely ...
Insurance Fraud Bureau, Shift Technology to Develop AI-Based Fraud Detection System
The Insurance Fraud Bureau and Shift Technology will partner on developing a new fraud detection system for the UK insurance sector. Expectations are that the new platform will be in play by early ...
American Family Spinout Arturo Raises $25M to Expand AI-Driven Predictive Analytics Platform
American Family Insurance spinout Arturo pulled in $25 million in venture financing – a big boost to the company's AI-driven, property-centric predictive analytics platform. "A deeper property ...