Personal Lines
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, ...
Wait Before You Ask About AIG’s Next M&A Target
Now that American International Group has finally closed its $5.6 billion acquisition of Validus Holdings, an unspoken question has been: What's the next acquisition target? The issue came up during ...
State Auto Ekes Out Small Profit; Combined Ratio Reaches 107
State Auto Financial Corp. eked out a small profit in the second quarter, with rate hikes helping its bottom line. At the same time, the Ohio-based insurer struggled with a combined ratio well above ...
California, Battered by Wildfires, Rejects Trump’s Proposed Clean-Air Plan Rollbacks
With his proposal to roll back fuel economy and emissions standards for cars and trucks Thursday, President Donald Trump drew a line in the California sand. The nation's most populous state wasted no ...
$500M Cat Bond Set to Expand FEMA’s Flood Reinsurance Plan
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets ...
Berkshire Hathaway’s Insurance Underwriting Returns to Profit, Driving Successful Q2
This year's looking brighter for Berkshire Hathaway Inc.'s insurance businesses after 2017's hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the ...