Personal Lines
Allstate’s Q2 Profit Doubles Thanks to Higher Premiums, Investment Gains
Allstate saw its profit more than double thanks to increased premiums, strong investment results and lower auto insurance claims frequency. Net income was $550 million for the second quarter of 2017 ...
AIG Follows Travelers, Chubb in Scaling Back Wall Street Guidance
Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned ...
AIG Saved Money, But Saw Q2 Commercial Insurance Losses Climb
American International Group reported a difficult 2017 second quarter, with net income plunging over the previous year, and a commercial insurance combined ratio that came close to 103. The ...
Farmers Debuts Drone Fleet for Major Storm Claims Assessments
Farmers Insurance disclosed it has started using a fleet of drones to help facilitate the claims process for customers reeling from roof damage after major storms. The drone launch follows a series ...
Travelers CEO Schnitzer Adds ‘Chairman’ to His Title
The Travelers Companies' CEO Alan Schnitzer has added the title of "chairman" to his nameplate, ending a management structure put in place after the company's legendary leader, Jay Fishman, died of ...
Executives On The Move at Beazley, Kemper, Nationwide and Guy Carpenter
Beazley named a new executive to help grow its engineering business in the U.S. and Latin America. Nationwide hired a financial industry veteran to be chief of investment research for a key division. ...
InsurTech Startup Lemonade Expands to New Jersey, Its Fourth State
Lemonade is now doing business in New Jersey. The New York-based peer-to-peer insurance startup disclosed its latest state rollout on Aug. 2. It is doing business in three other states – New York, ...
M&A, Despite Market Risks, Will Continue at Slower Pace: S&P Prediction
Property/casualty insurers and reinsurers continue in 2017 to seek scale in a tough market through mergers and acquisitions. The pace has slowed considerably, however, and Standard & Poor's sees ...