Personal Lines
FRISS Adds Online Network Analysis to Its Fraud Detection Arsenal
Insureds looking to commit fraud will no longer be able to simply ask a friend or neighbor to sign as a witness to a claim for car damages, thanks to a new offering from FRISS, a worldwide provider ...
Uber Hires Insurance Exec as CFO
Uber Technologies Inc. has hired a chief financial officer, the ride-services company said on Tuesday, filling a long-standing vacancy and clearing the way for a much-anticipated initial public ...
Insurers’ H1 Featured Spike in Downgrades, But Upgrades Still Came Out on Top: A.M. Best
Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty industry during the first half of 2018, according to an A.M. Best report. But the ...
Usage-Based Insurance Provides Strong Benefits to Insurers, But Consumer Adoption Remains Low
Usage-based insurance (UBI) availability continues to grow for auto insurance customers, but customer adoption rates remain sluggish. According to the J.D. Power 2018 U.S. Auto Insurance Study, 42 ...
Banks Strengthen Security After ATM Cyber Attack Plot Warning From FBI
Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. "The FBI routinely advises private industry of ...
Allstate Handled $262M in Pre-Tax Cat Losses for July
The Allstate Corp. said it booked $262 million in estimated pre-tax catastrophe losses for July. Losses stemmed from 15 events. Two severe hail events in Colorado and other states plus the Carr Fire ...
Global Insured Catastrophe Losses Improve in H1: Swiss Re
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were $20 billion, down from $30 billion in H1 2017, according to Swiss Re Institute's latest sigma ...
QBE Insurance Rises in an H1 Featuring Fewer Disasters
Australia's QBE Insurance Group Ltd posted a better-than-expected 4 percent rise in first-half profit, helped by fewer natural disasters in its biggest markets, sending its shares up almost 9 percent ...