Personal Lines
Biden Corporate Tax Proposals Could Cost Carriers Money: S&P
Former Vice President Joe Biden could cost insurers significant cash if he wins the election, thanks to the risk of higher tax bills stemming from his proposed changes to the corporate tax structure, ...
Erie Insurance Revamps Leadership In Claims, Sales and IT Divisions
Erie Insurance disclosed a series of senior leadership changes within its Claims, Sales & Products and Information Technology divisions. The organizational changes at the Erie, Penn.-based ...
Western U.S. Wildfires Will Leave Insurers With a ‘Multi-Billion-Dollar’ Bill: Aon
Wildfires across the western United States will leave insurers with a "multi-billion-dollar" bill, Aon concluded in its September 2020 Global Catastrophe Recap. While it will likely take some time to ...
Waymo Driverless Taxi Service Relaunching, Expanding in Phoenix
Waymo on Thursday will relaunch and expand its fully automated, robo-taxi ride hailing service in Phoenix, rebooting its effort to transform years of autonomous vehicle research into a ...
Forecast Suggests La Niña Through Winter Is Highly Probable
A U.S. government weather forecaster on Thursday said there is an 85% chance of La Niña conditions continuing through the upcoming Northern Hemisphere winter. The chance of the weather pattern ...
Progressive CEO Griffith Mulls Expansion Into Life Insurance
Progressive Corp. could soon expand its horizons into life insurance. "We actually are considering that," Chief Executive Officer Tricia Griffith said when asked about a possible move. "We have a ...
Pandemic-Era Carriers Attracting Hedge Funds’ Attention
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases which are ...
A New Carrier Joins Rideshare Insurance Market Along With Allstate, Liberty Mutual
A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft's drivers now also have access to coverage from ...