Personal Lines
Executives On The Move at GEICO and Lockton
A rising GEICO executive will now be assistant vice president of the insurer's product management division and be based at corporate headquarters. Lockton is hiring a Marsh veteran to be executive ...
Millennials Drive While Using Cellphones at Worse Rate Than Gen X, Boomers: Liberty Mutual
Auto insurance carriers remain wary of drivers who increasingly use their phones while behind the wheel. Millennials are the worst offenders, according to a new global driving study from Liberty ...
Only 42 Percent of H1 Global Economic Losses Were Covered by Insurance: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for $44 billion of economic losses globally, according to Swiss Re Institute's preliminary sigma estimates. This ...
Investor Expects Berkshire Hathaway to Keep Growing After Buffett Is Gone
Bill Ackman said he invested in Berkshire Hathaway Inc. because he believes it will continue to generate significant returns even after Warren Buffett is no longer running the company. Ackman said in ...
Travelers Adds Chief Sustainability Officer to Executive Ranks
The Travelers Companies Inc. has added a chief sustainability officer to its executive roster, a first for the property/casualty insurer. Yafit Cohn is tasked with leading Travelers' environmental, ...
Executives On The Move at Root Insurance and AXIS Re
Root Insurance made some executive changes, including hiring a new chief financial officer. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, named a new head of property ...
China’s Troubled Anbang Insurance Group Puts Japan Properties Up for Sale
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans ...
California’s New Data Privacy Law Could Be a Game-Changer
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. ...