Personal Lines
Opinion: ‘Unique’ Wildfire Blackouts Could Hit California for a Decade
California utility PG&E Corp has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires and said they will continue for a decade. PG&E ...
Trump’s Relaxation of Safety Regs Rolls Back Risk-Reduction Disaster Rules
The Trump administration's move to relax an Obama-era chemical safety regulation put in place after an explosion at a fertilizer plant is the latest example of the White House easing rules ...
Liberty Mutual’s Kelley, Who Led Ironshore to Its Acquisition, Plans to Retire
Liberty Mutual executive and former Ironshore CEO Kevin Kelley plans to retire at the end of 2019, the company disclosed on Nov. 21. Kelley, currently Liberty Mutual's vice chairman for Global Risk ...
Mitsui Sumitomo Insurance Reorganization Plan Leaves A.M. Best Rating Unchanged
The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans ...
A Corpse Adds to Old Mutual’s Ongoing Problems
Old Mutual Ltd. is in the spotlight again for all the wrong reasons. The 174-year-old insurer was forced to apologize after a grieving family brought a corpse to one of its branches so the company ...
Hippo Makes an Acquisition Intended to Strengthen Its Home Insurance Services
Hippo Insurance has acquired an early-stage startup designed to beef up its digital home insurance services for clients. The InsurTech startup and managing general agent said it snatched up Sheltr, a ...
The Latest Launches From AXA XL, Bold Penguin/CNA and W.R. Berkley
AXA XL launched a six-week program designed to enable client risk managers to develop new products and services for complex risks. CNA is now officially part of a new commercial insurance platform ...
Another Business Interruption: Mass California Power Outages Return
Power supply to about 150,000 California homes and businesses is expected to be shut off on Wednesday, in the latest precautionary outage planned by utility giant PG&E against wildfire risks ...