Personal Lines
U.S. Drivers Think They’re Safe, but Carriers Know Otherwise Through Phone Usage Monitoring
The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can't stop themselves from talking, texting and live ...
Florida Governor to Sign Industry-Backed Property Insurance Benefit Reform
Florida Governor Ron DeSantis has signaled he will sign the recently-passed property insurance reform legislation that the insurance industry and consumer advocates say will stem abuse of a policy ...
‘We’re Just a Bridge’; Take Responsibility to Protect Yourselves, Says FEMA Chief
Americans must assume more responsibility for protecting themselves from the rising toll of natural disasters, the head of the Federal Emergency Management Agency warned. "Most people think, 'I see ...
Tesla’s Musk Renews Plans to Take on Insurers
During Tesla's earnings call last Wednesday, Chief Executive Officer Elon Musk said that the company is creating its own insurance product and hopes to launch it in about a month. The comments ...
HOVER Raises $25M Series C; 3D Home Improvement Startup Touts P/C Insurance Partners
HOVER, a 3D technology/e-commerce startup that counts insurers among its customers, has raised a $25 million Series C financing round. The San Francisco-based company said its technology platform ...
Rate Increases Bear Fruit During W.R. Berkley’s Q1; Net Investment Income Dips
W.R. Berkley Corp enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting "further rate improvement" for the positive ...
Direct-to-Consumer Auto Insurance Keeps Gaining Traction: J.D. Power
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a new report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, ...
CSAA Touts 100 Percent Employee Volunteerism Rate in 2018
CSAA Insurance Group said it achieved a 100 percent employee volunteerism rate in 2018, news it released as part of its first corporate social responsibility snapshot. The AAA insurer said it was the ...