Personal Lines
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 ...
While Climate Risk Grows, States Ease Off Building Codes
The showdown in the Florida statehouse last year had all the drama of a knock-down political brawl: Powerful industries clashing. Warnings of death and destruction. And a surprise last-minute vote, ...
Without Consumer Trust, Insurers Could Lose Out to Tech Companies
A future in which technology companies have access to online consumer data and data from the Internet of Things while insurers are shut out could emerge if insurers don't earn the trust of consumers. ...