Personal Lines
AIG CEO Duperreault Got Paid $43.1M in 2017
American International Group paid its new chief executive Brian Duperreault $43.1 million last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over ...
Root Raises $51M to Fuel Further Growth of Telematics-Based Auto Insurance Biz
Root, an auto insurance startup centered around telematics, closed a $51 million venture financing designed to fuel expansion into more states and enable further investment in its core technology. ...
Blockchain Gives Life to a 300-Year-Old Idea
Blockchain technology is actually a new way to pursue an insurance distribution system that existed 300 years ago, an expert at Willis Towers Watson said. "This works like the way we used to do ...
B3i Blockchain Industry Collaboration Morphs Into a Startup Company
An international multicarrier collaboration focused on testing the potential of blockchain in the industry has incorporated as a startup company. The Blockchain Insurance Industry Initiative (B3i) ...
Executives On The Move at AIG and Berkshire Hathaway Specialty Insurance
American International Group named an executive who was once an ABC network vice president as its new marketing/communications head for the General Insurance division. Berkshire Hathaway Specialty ...
Federal Flood Insurance Program Renewed Through July 31; Permanent Fix Still Lacking
Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last year's devastating hurricanes and floods praised Congress for extending the program ...
Data Breach Notification Gaps Remain Despite Improved Alerts: Munich Re’s Hartford Steam Boiler
Carriers face ongoing challenges in developing effective strategies to insure against data breaches. A new consumer survey from Munich Re's Hartford Steam Boiler underscores the work left to be done ...
Lemonade Expands Again, Into D.C. and Pennsylvania
Lemonade, an insurance startup that relies on artificial intelligence and behavioral economics, has launched in both Pennsylvania and Washington D.C. It announced the expansion on social media. These ...