Personal Lines
Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains
Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general ...
Blink Parametric Expands to Central and Latin America
Blink Parametric, the Cork, Ireland-based InsurTech plans to expand its flight disruption insurance platform into Central & Latin America starting later this month. The partnership between Blink ...
Buffett’s Berkshire Hathaway Wants Shareholders to Reject Climate Change, Diversity Proposals
Warren Buffett's Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and ...
Most Customers Are Digitally Transmitting Photos or Videos When Filing Property Claims: J.D. Power
More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall ...
February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon
Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...
The U.S. P/C Industry Boosted Profits in 2020 Despite COVID-19: A.M. Best
Despite the COVID-19 pandemic, the U.S. property/casualtyindustry improved its overall profitability in 2020, with a 68 percent increase in net underwriting income and combined ratio that improved ...
AIG Hires Lincoln Financial Exec to Help Separate Its Life & Retirement Business
AIG has hired a Lincoln Financial executive to help separate its Life & Retirement business into a standalone company and guide other streamlining efforts. Lisa Buckingham is joining the company ...
Progressive’s Legendary Marketing Guru Plans to Retire
The Progressive Insurance executive credited with a number of iconic marketing campaigns at the carrier is retiring. Jeff Charney will sign off as chief marketing officer for Progressive in January ...