Personal Lines
CNA Turns a Q3 Profit; P/C Combined Ratio Surpasses 100
CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net ...
Tropical Storm Eta Becomes 2020’s 28th Named Atlantic Storm
Tropical Storm Eta formed overnight [on Sunday, Nov. 1] in the Caribbean, becoming the Atlantic's 28th storm of 2020 and tying a 2005 record for the most named systems in a single year in records ...
Small Business Market Opportunity Seen Among High-Net-Worth Families
The small business sector is widely acknowledged to be an important part of the commercial insurance market. However, this business segment's relationship to the high-net-worth market for personal ...
2020’s Strongest Typhoon Slams Philippines, Bringing Destruction and Death
At least 10 people died and three others were missing after Typhoon Goni, the world's strongest typhoon this year, barrelled through the south of the Philippines' main island of Luzon on Sunday, an ...
AIG’s Decision to Separate L&R Biz Risks Possible Ratings Downgrades
American International Group's plan to downsize by divesting its Life & Retirement business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance ...
Insurers Make Major Strides in Beefing Up Customer Experience: IBM Survey
Insurers have made significant strides over the last decide in improving customer experience through new technology or other initiatives, a new IBM survey found. Approximately 85 percent of insurers ...
Insurers Back Biden More Than Trump, Give More Money to Republican Congressional Candidates
Democratic presidential candidate Joe Biden has received more funds from insurance industry political committees than President Donald Trump in this 2020 election cycle. Biden has received $5.5 ...
Chubb CEO Greenberg: Hardening Market Is a ‘Very Healthy Trend’
Chubb Chairman and CEO Evan Greenberg looks around and sees a hardening market that is spreading and accelerating in multiple ways, something he termed as a long-overdue development. "I see it as a ...