Personal Lines
Better Ways Needed for Human Drivers to Take Over Autonomous Vehicles When Necessary: Experts
Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and ...
Anbang Insurance Gets $9.7B Infusion From Chinese Govt. After Fraud Alleged
China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company's former chairman was accused of masterminding a ...
MGAs Are Increasingly Taking on Carrier Business Practices
Among the most profound changes in commercial insurance over the past decade has been the growing role of managing general agencies (MGAs) as measured by premium volume and by the growing scope of ...
Insured Losses Exceed $421M From January’s Calif. Mudslides
A series of deadly mudslides along Southern California's coast in January caused more than $421 million insured losses, the state's insurance commissioner said on Monday. Insurers received more than ...
The Latest Launches From Everest Re and AIG’s Travel Guard
Everest Re Group is now offering a broad cyber insurance policy that provides risk mitigation/remediation services to companies in multiple industries. A division of AIG has launched in Canada a form ...
Travelers Survey Provides New Insights Into Distracted Driving Behavior
Most drivers who respond to personal texts, emails and calls while driving said they do so because they are afraid of an emergency or missing out on something important, according to a new survey ...
An Expected 8% Rise in NFIP Average Premiums May Not Stave Off Shortfalls
A typical premium charged by the National Flood Insurance Program is slated to rise about 8 percent in the coming year, with the estimated average premium going from $866 to $935. When various ...
Dispatches From InsurTech Survival Island: Five Takeaways From Statutory Financials (Part 3)
Founders and investors in InsurTech carriers need to prepare themselves—mentally and financially—for a long rough road to profitability, and they need to find reinsurers who are both flexible and ...