Personal Lines
For the Second Time This Year, Tesla Cuts Model 3 Price
Tesla Inc said on Wednesday it was lowering the price of its Model 3 sedan for the second time this year, moves that come in the wake of Tesla losing a tax credit that made its cars more affordable ...
Chubb CEO Greenberg Downplays Strength of New High-Net-Worth Personal Lines Rivals
Chubb's high-net-worth personal lines insurance business may have some new competition, but Chairman and CEO Evan Greenberg and a key executive say those rivals haven't made much of a dent. "From my ...
Allstate Reports $312 Million Loss in Q4
The Allstate Corp. lost $312 million in its 2018 fourth quarter, hammered by higher catastrophe losses, a drop in investment income and a larger pension settlement charge. Still, the losses could ...
Chubb’s Q4 Net Income Nosedives; Investment Returns Surge, Premium Revenue Grows
Chubb's 2018 fourth quarter was a mixed bag, with a surge in catastrophe losses, but a growth in premium revenue, better global P/C pricing and record net investment income. The insurer booked $355 ...
Hiscox, Chubb Among Investors With CoverHound’s New $58M Series D Financing
Multiple carriers participated in CoverHound's new $58 million Series D financing, money the online insurance comparison shopping platform plans to use to fuel global expansion. Hiscox led the round, ...
Italy’s Banks Turn to Insurance Market for New Opportunities
An aging population and struggling state finances could turn into an unlikely boon for Italy's banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo ...
China Is Trying to Take Control of Western Data and Networks, U.S. Envoy Warns
China seeks to take control of Western data and networks, the U.S. ambassador to the European Union said, in the latest warning from Washington to its allies that they should think twice before using ...
Independent Agents Satisfied With Carrier Interactions Send More Business to Them: J.D. Power
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message ...