Personal Lines
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 ...
The Schinnerer Group to Add Property Catastrophe Business With ICAT Acquisition
The Schinnerer Group has agreed to acquire International Catastrophe Insurance Managers (ICAT) from the Paraline Group for an undisclosed price. Plans call for closing the deal sometime in the 2017 ...
La Nina Becomes More Likely as El Nino Odds Fade
The U.S. reduced the odds of a Pacific El Nino, but said the prospect of La Nina ushering in cold weather across the northern U.S. has improved. Extremes in Pacific Ocean temperatures, called La Nina ...
Insurance Distribution Is Evolving Into a Core System
With technology advancements and expansion racing one another in the insurance industry, it's becoming ever more evident that distribution is evolving into a core system. Insurers haven't said so in ...
Compare.com Proves Insurance Disruption Won’t Happen Quickly: CEO Rose
Disrupting an industry that has been doing things the same way for a generation takes time. Take it from one major insurance disruptor – compare.com. The online insurance comparison marketplace ...