Personal Lines
China’s Ping An Insurance Is Now Second to Berkshire Hathaway in Terms of Market Value
A surge in Ping An Insurance (Group) Co.'s shares this year has made it the world's second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. ...
USAA Among Backers of Flo, a Home Water Damage Prevention Startup
Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 ...
A Move Toward Fewer and Much Larger Insurance M&A Deals: Willis Towers Watson
Fewer insurance mergers and acquisitions (M&As) are being completed these days, but those that are completed are of a higher value, according to a survey by global broker Willis Towers Watson in ...
Insurers Are Increasing Their Investment Risks, EU Regulator Survey Shows
Insurance companies in search of yield have increased their exposure to bonds with lower credit ratings and to less liquid securities like non-listed equities and loans, according to a survey by ...
Telematics-Driven Auto Insurance Still Has Untapped Audience: Survey
Behavior-based auto insurance—where carriers rely on telematics to gather driving data that shapes a customer's rates—appears to have a largely untapped audience. A new driver survey sponsored by ...
European Insurers Surpass U.S. Rivals in Coal Investment Exits: Campaign Group
Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken "meaningful action," campaign group Unfriend Coal said on Wednesday. ...
Travelers Plans to Stick to Current ‘Prudent’ Cyber Insurance Growth Rate
Travelers Cos Inc plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer ...
Calif. Wildfires Could Leave Behind $8B in Insured Losses: Aon Benfield
California's historic wildfires may lead to as much as $8 billion in insured losses. That's a record for insurers, according the October 2017 Global Catastrophe Recap from Aon Benfield's Impact ...