Personal Lines
California May Expand Practice of Cutting Electricity to Reduce Wildfire Risks
Utility PG&E Corp proactively shut off power on Saturday to around 1,600 customers in northern California and said it might expand the shutdown to tens of thousands more due to an increased risk ...
MGA InsurTech Getsafe Lands $17M Financing to Fuel European Expansion
A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe's new money will help propel an expansion ...
The U.S. Faced Record Reports of Tornadoes, Hail, Winds in May: Aon
The U.S. dealt with close to 4,400 reports of tornadoes, hail and straight-line winds in May, the most since 2011, according to weather data cited by Aon's monthly Global Catastrophe Recap report. ...
AIG CEO Duperreault Pledges to Keep Reaching Out to Shareholders Over Executive Pay
American International Group Inc Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million ...
One Big Storm Added to This Year’s Hurricane Season Forecasts
It only takes one. Just ask the survivors of Superstorm Sandy or Hurricane Katrina. Colorado State University, which pioneered seasonal storm forecasting 36 years ago, on Tuesday upped the ante for ...
California Utility Reportedly Planning $11B Fund to Resolve Wildfire Claims
PG&E Corp. has spoken to lawmakers about putting together a pool of capital worth about $11 billion to settle claims related to wildfires blamed on the bankrupt California utility, according to ...
Aviva Will Slash 1,800 Jobs Globally and Overhaul UK Business
British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive. ...
Nationwide’s Walker to Become New CEO in October
Nationwide disclosed it has chosen Kirt Walker, a 33-year company veteran, to become its next chief executive officer. "I'm humbled and proud to lead this great company and iconic brand," said ...