Personal Lines
U.S. Nonstandard Auto Market Makes Significant Strides: A.M. Best
A 102.2 combined ratio may not be seem very good. For the U.S. nonstandard auto market, however, it represents a big improvement over past performance. A new A.M. Best report concluded the market ...
AIA, PCI Members Approve Merger; Combined Group Debuts on Jan. 1
Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect in 2019, and the combined organization is set to have ...
Climate Change Fallout: Floods Pushing Homes Higher, Restricting Access for Disabled
When Superstorm Sandy flooded Liz Treston's home on the South Shore of Long Island, she worried her wheelchair would prevent first responders from rescuing her. So Treston, a quadriplegic, wrote her ...
Executives On The Move at GEICO, MAPFRE USA and Church Mutual
GEICO named its new vice president of marketing, having promoted from within. MAPFRE USA hired two executives to join its senior leadership team. Church Mutual Insurance Company made a number of ...
AXIS Estimates Pre-Tax California Wildfire Losses Could Hit $150M
AXIS Capital Holdings Ltd. predicts between $125 million and $150 million in pre-tax losses for the 2018 fourth quarter stemming primarily from California wildfires. AXIS said that the preliminary ...
Slice Labs Opens Innovation/Product Development Hub in Toronto
Slice Labs Inc., maker of an on-demand insurance cloud platform, launched an innovation hub in Toronto designed to help it test new on-demand insurance products. The company, which began as a seller ...
Cambridge Mobile Telematics Attracts $500M SoftBank Investment
Cambridge Mobile Telematics, whose technology is used globally by insurers and others, attracted a $500 million investment from the SoftBank Vision Fund designed to fuel global growth. "This ...
A Four-Day Work Week Might Motivate Staff, Lead to Higher Productivity
Work four days a week, but get paid for five? It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more ...