Personal Lines
U.S. P/C Combined Ratio Lands at Lowest Quarterly Level in 5 Years: A.M. Best
The U.S. property/casualty insurance industry saw its combined ratio improve by nearly five points in the 2018 first quarter and net underwriting income grow at a healthy clip, A.M. Best said in a ...
Hackers Have Infected Routers, Storage Devices Globally. Will Russia Again Attack Ukraine?
Cisco Systems Inc on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in ...
May’s ‘Ring of Fire’ Storms Will Produce $2.5B in Insurance Claims: Karen Clark & Co.
Heavy wind, hail and rain storms—a "ring of fire" that struck most states east of the Rocky Mountains May 11-16—will likely produce substantial insurance claims, catastrophe modeling firm Karen ...
New EU Data Protection Law May Lead to Diminished Underwriting Quality: A.M. Best
Complying with the European Union's new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting ...
American Drivers Increasingly Fearful of Self-Driving Vehicles: AAA Study
Three-quarters (73 percent) of American drivers now say they would be too afraid to ride in a fully self-driving vehicle, up significantly from 63 percent in late 2017. Additionally, 63 percent of ...
Executives On The Move at Zurich North America and Erie Insurance
An executive who was previously based at XL Catlin and AIG is joining Zurich North America in a leadership role. Erie Insurance promoted a veteran employee to vice president of property and ...
Root Plans Bigger Columbus, Ohio HQ, Plus Many New Hires to Fuel National Expansion
Root disclosed plans to grow its workforce over the next three years by about 500 percent and also move to a new, significantly expanded headquarters in Columbus, Ohio. The auto insurance startup, ...
S&P’s Ratings, Negative Outlook for AIG Will Continue
S&P Global Ratings has affirmed its 'A+' insurer financial strength rating and 'BBB+' long- and 'A-2' short-term issuer credit ratings on American International Group Inc. (AIG), and its 'A+' ...