Personal Lines
Kemper Boosts Premiums and Net Income, Benefiting From $1.3B Infinity Acquisition
Kemper Corp. reported a significant jump in net income during its 2019 first quarter, thanks largely to premium gains and a surge stemming from its acquisition of Infinity Property and Casualty Corp. ...
In a First, D.C. Eyes Retrofitting or Removing All Flood-Prone Buildings by 2050
Washington is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S. city to set such a policy. The proposal is part of a broader plan to protect ...
Climate Change Leads to Bark Beetle Outbreak in Central Europe’s Spruce Forests
Hot, dry summers are fanning an unprecedented outbreak of bark beetles that are destroying vast swathes of central Europe's spruce forests which define the region's landscape. Draft brought on by ...
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 ...