Personal Lines
Allstate Discloses $235M in Pre-Tax Catastrophe Losses for April
The Allstate Corp. disclosed $235 million in pre-tax catastrophe losses for April. Broken down, the number encompasses 11 catastrophe events that cost the insurer $229 million pre-tax, plus ...
Memorial Day Travel Will Be at Highest Level Since 2005: AAA
An estimated 39.3 million Americans will travel 50 miles or more away from home this Memorial Day weekend—the holiday's highest travel volume since 2005, according to AAA. The majority of travelers ...
Group That Leaked ‘WannaCry’ Ransomware Attack Tools Threatens Release of More Malicious Code
Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry "ransomware" attack warned it ...
Retail Group Revs Up Lobbying Push for National Flood Insurance Program Renewal
A major real estate association plans a multi-day lobbying blitz in Washington D.C. this week to focus, in part, on the need for renewal of the National Flood Insurance Program before it expires on ...
Insurance Will Overtake Banks as Bigger Contributor to Swiss Economy
Switzerland's financial center is in the midst of a power shift. The Alpine country's less fashionable insurers, long overshadowed by glamorous private banks around Zurich's posh Paradeplatz and Lake ...
AIA CEO Leigh Ann Pusey to Depart for Leadership Role at Eli Lilly
Leigh Ann Pusey, longtime leader of the American Insurance Association, plans to depart in June for an executive role with the pharmaceutical giant Eli Lilly and Co. Pusey has led the AIA since 2009, ...
InsurTech Startups Root, Slice, Lemonade Disclose State Expansions
InsurTech startups Root, Slice and Lemonade each announced they've expanded their operations into new states. Root, an auto insurance startup, said it can now do business in Arizona after debuting in ...
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...