Personal Lines
July’s Droughts, Fires Caused Billions of Dollars in Economic Damage: Impact Forecasting
For many of July's global natural disasters, it was all about drought and wildfires, according to the latest update from Aon's Impact Forecasting. What the report found: Many countries dealt with ...
IIHS Tests Highlight Risks Behind Semi-Autonomous Driving Systems
Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you're not paying attention, an insurance industry group warns. The ...
Hacking Programs Driven by Artificial Intelligence Feared as Next Big Cyber Problem
The nightmare scenario for computer security - artificial intelligence programs that can learn how to evade even the best defenses - may already have arrived. That warning from security researchers ...
Zurich’s P/C Unit Gives Insurer a Boost
Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco's three-year restructuring goals. The Swiss ...
Tokio Marine, a Metromile Investor, Licenses Its AI Claims Platform Tech
Tokio Marine Holdings, the Japanese insurance giant, is the first carrier to license Metromile's artificial intelligence-driven automated claims processing platform. The deal, announced Aug. 7, comes ...
Historic California Wildfires at Serious Risk of Spreading Further
Dry, hot and windy conditions are threatening to expand California's largest wildfires, which so far are burning in largely rural areas. The fires, which have killed 12 people and burned an area ...
Veteran Travelers CFO Benet Will Depart Role, but Remain as Vice Chairman
Travelers Companies, Inc. said its long-time chief financial officer is stepping down. Jay Benet plans to leave his role as CFO as of Sept. 1, a position he has held since 2002. At the same time, ...
Once Again, Dust From Africa Helps Tamp Down Atlantic Hurricane Risks
Atlantic storm watchers are going to have a hard time seeing the ocean, never mind any tropical systems, as another Saharan swirl of dust from Africa is moving west. The dust, a marker for dry air, ...