Personal Lines
Regulators Say ‘Sandbox’ Approach May Work to Accommodate Tech-Driven Insurance Innovations
How should regulators address technology-driven insurance innovations that don't fit well under existing rules? A "regulatory sandbox" might be the way forward, a panel of regulators said at the ...
Berkshire Hathaway’s Insurance Businesses Rebound; Accounting Change Leads to Overall Net Loss
Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would ...
For the 2018 Atlantic Hurricane Season, Modeling Catastrophes Differently Might Help
The 2018 Atlantic hurricane season is nearly upon us. It begins June 1 — less than one month away — with as many as 14 named storms predicted and a greater than normal chance a major system will ...
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 ...