Personal Lines
Europe Braces For Second Historic Heatwave
Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest ...
Travelers CEO Schnitzer: ‘Lots of Levers’ Can Be Pulled to Keep Improving Margins
The Travelers Companies CEO Alan Schnitzer reassured analysts that the insurer "has lots of levers" it can pull to keep improving margins and profitability, even though its combined ratio ticked ...
Price Increases Boost Chubb’s Premiums but Net Income Dips Slightly
Chubb's saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. "This quarter was about growth and ...
New Zealand InsurTech Startup Cove Draws Investment From Greenlight Re
Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based ...
Lyft Releases Self-Driving Tech Data in Bid to Speed Its Development
Lyft Inc. is making research data on self-driving technology available to the public in a bid to accelerate the development of robotic cars, which is seen as critical to the ride-hailing giant's ...
Travelers Boosted Q2 Net Income, Thanks to Lower Cat Losses and Investment Income Spike
The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. Lower catastrophe losses and higher ...
Startups Focused on Smart Home, Contract-Management AI Tech Secure Financing
Two startups have raised early stage financing designed to advance technology from which insurers can benefit. One company is developing smart home technology to help reduce claims risks. Another is ...
Updated: The Top 10 P/C Insurance Carrier CEO Salaries
Progressive Corp.'s Susan Patricia ("Tricia") Griffith earned the fifth-highest U.S. property/casualty insurance CEO salary in 2018, even as the company she runs landed in the top slot in terms of ...