Personal Lines
The Hanover’s Momentum Continues in Q3
The Hanover Insurance Group produced higher net income and experienced lower catastrophe losses in its 2019 third quarter. Investment income growth, premium hikes and growth in more profitable ...
PCS Extends Catastrophe Methodology to More Asia/Pacific Countries
Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan, to cover more territories in the region. ...
The Latest Launches From Travelers, Trov and Willis Towers Watson
Travelers is partnering with a technology company to simplify its new business and policy renewal processes by using artificial intelligence. The InsurTech Trov is launching a new product on its ...
Selective Insurance Chooses COO Marchioni as New CEO
Selective Insurance Group chose a new CEO, promoting from within its ranks as part of a long-developed succession plan. The New Jersey-based insurer announced that President and Chief Operating ...
Insurers Challenged by ‘New Normal’ of Calif. Wildfires: A.M. Best
The 2019 California wildfire season has not been as active as the record-breaking 2017-2018 seasons, but A.M. Best warns that a "new normal" trend of severe wildfires continues to challenge insurers, ...
Chubb Soars Even as Q3 Net Income Takes a Hit
Chubb is reporting a banner 2019 third quarter, but the company took a dent in its net income largely from losses relating to an accounting adjustment. Net income for the insurer reached $1 billion, ...
Performance of Carmakers’ Pedestrian Detection Systems Varies Widely: IIHS
The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians ...
Aon Moves Incorporation From Britain to Ireland Due to Brexit
Insurance broker Aon plans to move its parent company's jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its ...