Personal Lines
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 ...
In 2019, Cyber Threats Are Increasingly Targeted and Evolving Quickly
Cyber threats continue to evolve rapidly in 2019, and that means the battle to stop and protect against them needs to adapt just as quickly, according to Matt Cullina, CyberScout's Managing Director ...
Executives On The Move at Sompo International and Liberty Mutual
Sompo International Holdings Ltd. promoted two executives. Liberty Mutual named a financial industry executive to its board of directors. *** Sompo International Holdings Ltd. named Thomas Brazil ...
Travelers Reports Improved Underwriting, Lower Catastrophe Losses
Insurer Travelers Companies Inc.'s quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income. New ...
Distracted Driving Proliferates Well Beyond Cellphone Use: Survey
Carriers may be concerned about drivers using their cellphones or succumbing to other distractions while behind the wheel, but the behavior remains entrenched in daily life. Sometimes, it is even ...
Palomar Specialty’s IPO Rockets Above $15 Per Share Price Launch
Palomar Specialty launched an initial public offering on April 17, with the California-based specialty catastrophe insurer starting to sell on the Nasdaq Global Select Market at $15 per share. Shares ...
State Auto, Google Help Back AI Startup Flyreel’s New Financing Round
Flyreel, an artificial intelligence InsurTech startup focused on property insurance, recently raised $3.85 million in new financing from State Auto and several other investors. Gradient Ventures, ...