Personal Lines
Generali’s German Arm Plans Life Insurance Run-Off in Early 2018
Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali's core markets. The program is designed to strengthen and streamline operations, ...
Bill to Ensure Private Policies Meet Flood Insurance Requirement Passes House
The House of Representatives voted 264-155 today to pass bipartisan legislation that encourages the sale of private flood insurance in place of policies from the federal government in high risk areas ...
AIG Reportedly to be Freed From U.S. Systemic-Risk Designation
U.S. regulators are planning to release American International Group Inc. from the special government oversight ordered for the insurer after its central role in the 2008 financial crisis, according ...
Travelers Celebrates a Decade of Offering Wedding Insurance
The Travelers Companies marked the 10th anniversary of offering wedding insurance with an analysis of claims trends over the last decade, finding that vendor problems were the No. 1 cause of ...
US. Senators Announce Deal on Self-Driving Car Legislation
Two U.S. senators said late on Wednesday that they had reached a bipartisan deal on legislation aimed at easing hurdles to getting self-driving cars to drivers. U.S. Senator John Thune, a Republican ...
Chubb Inks Multiyear Distribution Deal With Asia’s DBS Bank
Chubb inked a new multiyear distribution deal with DBS Bank, a financial giant that will give it even deeper market penetration in Asia. The agreement calls for Chubb to distribute general insurance ...
Chubb Estimates Over $1B in Losses From Hurricanes Harvey and Irma
Chubb Ltd. reported more than $1 billion in estimated third-quarter losses stemming from Hurricanes Harvey and Irma, reflecting a substantial hit for the insurer and reinsurer. Further details will ...
Berkshire Hathaway’s Gen Re Turns to India for Multiple Insurance Opportunities
General Re, a unit of Warren Buffett's Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world's fastest-growing reinsurance market. The ...