Personal Lines
Allstate’s July Pre-Tax Catastrophe Losses: $181 Million
The Allstate Corp. said pre-tax catastrophe losses in July reached $181 million, with more than half of the cost coming from severe wind, hail and rain events in the U.S. Midwest. Broken down, 13 ...
U.S. Mortgage Reinsurance Remains a P/C Bright Spot: Standard & Poor’s
While business conditions in traditional property/casualty reinsurance areas continue to deteriorate, U.S. mortgage reinsurance apparently remains a bright spot, due to government mandates and other ...
U.S. Govt. Sued for Alleged Slow Implementation of Rear Vehicle Seat Belt Rules
A new lawsuit accuses the U.S. government of being too slow to implement rules requiring that rear seat vehicle passengers be warned when they fail to buckle their seat belts. In a complaint filed on ...
Why Should RPA Matter to Insurers? Kryon CEO Tayeb Explains
Kryon Systems CEO Harel Tayeb operates in a technology space that he asserts is increasingly important to insurers. His Israel-and New Jersey-based company develops and sells robotic process ...
AIG Is Reportedly Trying to Sell $2B Portfolio of Life Settlements Business
American International Group Inc wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the ...
Global Insurance Rates Continue Their (Moderated) Fall: Marsh
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh's Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 ...
P/C Insurance Carriers, InsurTechs Benefit on Multiple Levels From Partnerships
Startup InsurTechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL ...
Driver Skills Diminishing as Automated Tech Takes Hold
If your car can hit the brakes in an emergency and check your blind spots, will that make you a worse driver? Increasingly, automakers are worrying it may. Driver-assist technology that keeps cars in ...