Personal Lines
Kemper, After Tough Q4, Will Pay $1.3B for Infinity Property and Casualty
Insurer Kemper Corp will acquire Infinity Property and Casualty Corp for about $1.3 billion in cash and stock to boost its nonstandard auto insurance business, the two companies said on Tuesday. ...
Weather Analytics Company Understory Wins Patent for Proprietary Sensor Tech
Understory secured a patent for sensor technology used as part of its private network to collect real-time weather data on the ground in great detail. Alex Kubicek, CEO of the Wisconsin-based weather ...
March 1 Autonomous Car Summit Planned by U.S. Transportation Dept.
Auto manufacturers, technology companies, road safety advocates and policy makers will attend a March 1 conference over potential government actions that could speed the rollout of autonomous cars, ...
CNA CEO Robusto Asserts ‘Heightened Underwriting Focus’ Helped Produce Solid Results
CNA sustained a dip in net income and took a catastrophe cost hit at the end of 2017, but the insurer saw its combined ratio actually improve. What's more, its 2017 net income of nearly $900 million ...
La Nina Will Likely Fade by Springtime
The current La Niña weather cycle is likely to transition into more neutral conditions by spring, a U.S. government weather forecaster said on Thursday La Niña is characterized by unusually cold ...
The Latest Launches From Erie Insurance and Validus Holdings
Erie Insurance plans to start offering home telematics products developed by the startup Roost that help detect water damage. An arm of Validus Holdings has launched a standalone cyber insurance ...
Europe’s January Windstorms Caused More than $2B in Insured Losses: Aon
European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon ...
SoftBank CEO Son Follows Warren Buffett’s Example in Proposed Swiss Re Investment
Masayoshi Son, SoftBank Group Corp.'s billionaire founder and CEO, is taking a step toward becoming a digital-age Warren Buffett. SoftBank has entered talks to buy as much as a third of reinsurer ...