Personal Lines
The Latest Launches From Travelers and XL Catlin
Travelers now offers an online insurance policy designed for customers who may not need a traditional home or auto policy. XL Catlin has started using an online claims reporting tool in North America ...
For Many Carriers, IoT Remains an Untapped Data-Gathering Tool
Most insurance carriers lack a strategy to capitalize on data generated by the Internet of Things (IoT), even as they realize the importance of having one. Making matters worse, a majority lack ...
The Institutes, International Insurance Society Form Strategic Affiliation
The Institutes is forming a strategic affiliation with the International Insurance Society, both industry groups have announced. IIS, an association for executives and experts in the global insurance ...
Another Day, Another Disruptive Storm to Hammer the Northeast
The fourth nor'easter in three weeks is about to hit the U.S. Northeast, potentially dropping as much as a foot of snow on New York and Boston and shutting down government offices in Washington. Snow ...
Uber Crash Realizes Fears of Driverless Cars’ Risks and Liabilities
Last week, Waymo showed a video of people riding in its self-driving minivans. They thumbed their phones, yawned and one snoozed. The message: Driverless cars are so safe, they're boring. The clip ...
U.S. P/C Catastrophe Losses Reached a Record $53B in 2017: A.M. Best
U.S. P/C insurance catastrophe losses in 2017 reached $53 billion in 2017, a surge of close to 110 percent compared to 2016, according to a new A.M. Best report. As expected, insured losses from ...
Former FIO Director McRaith Takes Private-Sector Position With Blackstone
Michael McRaith, the former director of the Federal Insurance Office, has joined up with global investment firm Blackstone. McRaith will be managing director of the newly formed Blackstone Insurance ...
Govt. Investigating Death of Woman Hit, Killed by Uber Self-Driving SUV
A woman crossing a street was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, leading the ride services company to suspend its autonomous vehicle program ...