Personal Lines
QBE Invests in a Third AI Startup, With Plans to Use the Tech Internally
QBE Insurance Group Ltd.'s venture capital arm is betting once again on artificial intelligence with its third investment in the space—this time with a startup focused on developing the technology ...
AIG CEO Duperreault Promises Year-End Underwriting Profit; Investors Not Convinced
American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince ...
Recent Crashes Are Slowing Self-Driving Automobile Development
A series of high-profile accidents involving self-driving cars are slowing the mad rush into the autonomous vehicles business, according to a report issued Wednesday. The accidents, some of them ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...
Allstate’s Net Income Grew in Q1; A Surprise Dip in Auto Accident Frequency Helped
An unexpected decline in auto accident frequency helped The Allstate Corp. soar in its 2018 first quarter, along with lower catastrophe losses. The Illinois-based insurer also credits the Trump tax ...
AIG Continues to Struggle as Catastrophe Costs, Lower Yields Hammer Profit
American International Group Inc reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer ...
Oklahoma Wildfires Kill Hundreds of Cattle, Destroy More than 300,000 Acres
Wind-driven wildfires that began in mid-April, fueled by severe drought, have killed hundreds of cattle and destroyed more than 300,000 acres in Oklahoma, authorities said on Monday. Oklahoma has ...
Islamic Insurers, Banks Shift Focus to Profits and Fintech: Survey
Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices, an industry body said on ...