Personal Lines
The New Roadside Imperative for Insurers
Roadside assistance programs have never been more important. As the auto insurance industry becomes increasingly competitive—there was a record low number of new shoppers in 2018, according to a ...
U.S. Personal Auto Insurers See (Some) Turnaround in Their Bottom Lines: A.M. Best
U.S. personal auto insurers are showing some improvements in their bottom lines after a tough couple of years, according to a new A.M. Best market segment report. To be sure, the numbers are not ...
Travel Insurance Claims Could Spike After Grounding of Boeing 737 Max 8 Planes
The grounding of Boeing 737 Max 8 airplanes is likely to cause a spike in travel insurance claims, InsureMyTrip said in a press release. "This is a very rare occurrence and we anticipate that ...
Trump Policy Shift on Flood Insurance Draws Cheers From Climate Advocates
Climate advocates say an overhaul of the nation's flood insurance program being unveiled by the Trump administration will spur communities around the country to better plan for extreme weather, but ...
Devastating Floods in U.S. Plains States Tear Apart Homes, Businesses, Kill at Least Two
There was no let up in sight for devastating floods across the U.S. Central Plains states that have already killed two people, torn apart homes and businesses and cut off small towns, forecasters ...
Buffett’s Berkshire Hathaway: Vice Chairmen Jain, Abel Each Make $18 Million
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the ...
Consumers Excited to Exchange Personal Data for Cheaper Financial Products; Privacy Remains a Concern
Carriers focusing on telematics and other tools that measure customer behavior in exchange for lower prices may be onto something. A new Accenture report has found that insurance or banking products ...
2018: A Big Year for U.S. P/C Insurers’ Net Income Results
U.S. P/C insurers' net income soared in 2018, thanks in part to premium increases, higher net investment income and fewer catastrophe losses, A.M. Best concluded in a new report. Industry net income ...