Personal Lines
For Two Years Running, U.S. Wildfire Claims Payouts Will Exceed $10 Billion
Here's an ominous milestone for the property/casualty industry: 2018 will likely be the second consecutive year where insurance claims payouts related to annual U.S. wildfires will exceed $10 ...
The Hartford Warns of Up to $365M in Pretax Losses From Wildfires, Hurricane Michael
The Hartford said it will see between $350 million and $365 million in Q4 2018 pre-tax catastrophe losses from California's Camp and Woolsey fires as well as Hurricane Michael. After tax, the net ...
Online Insurance Platforms Foster Both Good and Bad Situations: Geneva Association
Online platforms can foster insurance market transparency and reduce both transaction costs and information asymmetries, factors typically associated with increased competition and societal welfare. ...
The Latest Launches From Progressive, AXA XL and Starr Insurance Companies
Progressive Insurance is now offering its small business customers the option of an online marketplace for cyber coverage. AXA XL, meanwhile, added complimentary proactive cybersecurity services for ...
Chubb Predicts an Estimated $225M in Pretax Losses From California Wildfires
Chubb Ltd. said that the latest round of California wildfires caused an estimated $225 million in pre-tax losses that will ding its 2018 fourth-quarter results. Those losses hit $195 million after ...
Last-Ditch Effort Begins to Pass Self-Driving Car Bill
Key U.S. senators are making a last-ditch effort to win approval of a bill to speed the use of self-driving cars without human controls, but face an uphill battle on Capitol Hill. Staff for ...
#MeToo Era Leaves Male Execs Forming Controversial Strategies Covering Interactions With Women
No more dinners with female colleagues. Don't sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings. In fact, as a wealth adviser put it, just hiring a woman ...
Allianz, Mitsui Sumitomo Reportedly Finalists in Bid for Malaysia Auto Insurer
Allianz Malaysia Bhd. and Mitsui Sumitomo Insurance Co. have been shortlisted to proceed to the next round of bidding for AmGeneral Insurance Bhd., in a deal that could value Malaysia's ...