Personal Lines
The Latest Launches From The Hartford, Roost and Buckle
The Hartford is working with Tractable on a claims process project involving artificial intelligence. Roost, a developer of home telematics for property insurance carriers, added a new service to its ...
Farmers Insurance, Munich Re Make Home Technology Startup Investments
Farmers Insurance has become an equity investor in a fintech company focused on helping make a home rental easier and more affordable. Munich Re invested in a smart home startup whose electrical ...
American Financial Group Nets $3.5B Cash In Annuity Biz Sale to MassMutual
American Financial Group announced that it is selling its annuity business to Massachusetts Mutual Life Insurance Company in a $3.5 billion cash deal that primes the seller for growth in its ...
Allstate Announces $2.8B Sale of Life Insurance Company
The Allstate Corporation announced on Tuesday that it has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move ...
Consumers Willing to Share Personal Data With Insurers Despite Data Security Concerns
If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers can protect their data. The number of consumers willing to ...
The Latest Launches From Chubb and Branch Insurance
Chubb is marketing a new product designed to streamline absence management and workplace benefits for mid-size to large employers. Branch Insurance will link with ADT to offer ADT home security ...
European Researchers See AI as Building Better Weather Data
European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European ...
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...