Personal Lines
China’s Ping An Insurance Teams With Intel to Launch Joint Innovation Laboratory
A division of China's Ping An Insurance Group is teaming with American global tech giant Intel Corp. to establish a joint innovation laboratory. The arrangement is between California-based Intel and ...
Insurers, Analysts Worry Australia’s Bushfires Could Surpass 2009’s Costly Season
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
Cambridge Mobile Telematics’ New Smartphone Tech Lets Auto Insurers Reconstruct Crashes
Cambridge Mobile Telematics is launching a new product that lets auto insurers use smartphones reconstruct crashes as part of the claims process. The company said its new Claims Studio product line ...
Trump Approves Emergency Declaration for Puerto Rico After Quake
President Donald Trump approved an emergency declaration for Puerto Rico on Tuesday, according to a person familiar with the matter, after a deadly earthquake struck the commonwealth that was already ...
Big Tech Is Helping Transform Cars Into Smartphones
Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car. With the widespread ...
Insurers Call for Greater Climate Change Action in Wake of Australia Fires
As the devastation from Australia's bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an ...
Lemonade CEO Schreiber Addresses 2020 Plans, Leadership and Hammocks
For Lemonade, 2019 was a banner year. The InsurTech, which launched in New York in 2016, attracted a $300 million financing round, bringing its total cash haul to nearly half a billion dollars. The ...
Global Natural Catastrophe Insured Losses Reached $52B in 2019: Munich Re
Natural catastrophes caused overall losses of $150 billion during 2019, including insured losses of about $52 billion, which matches the average of the past 30 years, according to Munich Re's ...