Personal Lines
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 ...
AIG Reports $6.7B Loss Attributed to Catastrophes and Tax Reform
American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes. ...
Allstate’s Q4 Excelled With Underwriting, Investment Income and Tax Cut Gains
The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts ...