Personal Lines
Climate Change Worsened Europe’s Record Heatwave in July
Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history, according to the UN's World Meteorological Organization. "This is not your ...
Massachusetts-Based Cybersecurity Company Raises $200M to Fuel Global Expansion
Antivirus startup Cybereason said on Tuesday it raised $200 million in investment from Japan's SoftBank Group Corp, doubling the total investments raised by the company so far to about $400 million. ...
Stalled Self-Driving Car Legislation May Still Have Some Life
Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed the adoption of self-driving cars. The House Energy and Commerce Committee ...
GEICO, Following Progressive and Others, Adds Telematics to Track Driver Behavior
Berkshire Hathaway's GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway's GEICO has been one of ...
Higher Claims Dampen Berkshire Hathaway’s Insurance Underwriting Profit
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the ...
The Hartford Sees Drop in Net Income After Absorbing Navigators Acquisition Costs
The Hartford saw its net income plunge and its commercial lines combined ratio spike during the 2019 second quarter, due in part to costs associated with its $2.1 billion acquisition of specialty ...
The Latest Launches From Starr and Travelers
A division of Starr Insurance Companies debuted a distribution channel to sell coverage that benefits small federal government contractors. Many customers for The Travelers Companies Inc. will now be ...
Allstate Cites Strategy Momentum as Driving Stellar Q2 Results
The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and liability insurance products while also expanding into other protection ...