Personal Lines
Travelers Reports Successful Q1, Fueled in Part by Underwriting, Investment Gains
The Travelers Companies reported net income of $733 million for the first quarter of 2021, compared to $600 million in the prior year quarter. Core income in the current quarter was $699 million ...
Insurify Joins Toyota in Embedded Insurance Space, and Other Product News
Insurify is teaming with Toyota to help its car-buyers comparison shop for coverage, a first entry for the company into the embedded insurance space. Lexis Nexis Risk Solutions is launching a product ...
Allstate, Arch, AXIS and The Hanover Report Q1 Pretax Catastrophe Loss Estimates
Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant. Below are preliminary numbers from Allstate, Arch, AXIS, and The ...
Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best
Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an A.M. Best special report. Last ...
Ex-Allianz CFO Wemmer Is Launching a SPAC to Target Insurance Deals
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three ...
COVID Restrictions Push Progressive’s Premiums to Robust Levels
The Progressive Corp. saw robust, double-digit increases in net premiums written and net income, gains it said stemmed, in part, from a year of COVID-19 quarantine restrictions. The Ohio-based ...
EU Will Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of ...
Lloyd’s Lab Innovation Program Chooses 11 InsurTech Startups for Next Cohort
Lloyd's announced the next 11 InsurTech start-ups that are participating in the sixth cohort of its Lloyd's Lab innovation accelerator program. These InsurTechs will be focused on creating simpler ...