Personal Lines
Handling Cyber as Standalone Insurance Could Benefit Carriers, Buyers Alike
Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers and buyers, according to a new report by JLT Re and JLT ...
Meteorologists: Signs Suggest 2017 Atlantic Hurricane Season Will be Normal
Most meteorologists forecast the 2017 Atlantic hurricane season will be less active than a year ago, with the number of named storms and hurricanes near average. A few meteorologists, however, expect ...
Global Insurance Industry Set for Solid Growth in 2017 and 2018: Munich Re Forecast
The global insurance industry is set to grow more strongly an average 4.5 percent annually during 2017 and 2018, according to Munich Re. The number is 3 percent when adjusted for inflation. While ...
Commercial Lines Insurers Plan Predictive Modeling Embrace: Willis Towers Watson
Predictive modeling is becoming even more widespread among U.S. property/casualty insurers, with rapid gain likely in the coming years for commercial lines carriers. The big news: Two-thirds of the ...
Forget Driverless Cars. How About a ‘Flying Taxi’?
A Bavarian start-up is developing a five-seat "flying taxi" after successful test flights over Germany of a smaller version of the electric jet, the company said on Thursday. Munich-based Lilium, ...
Three-Month Cyber Attack Targets 1,200 InterContinental Hotels in U.S.
Global hotel chain InterContinental Hotels Group Plc said 1,200 of its franchised hotels in the United States, including Holiday Inn and Crowne Plaza, were victims of a three-month cyber attack that ...
Travelers’ Profit Plunges; Higher Cat Losses, Reduced Underwriting Gains to Blame
Property and casualty insurer Travelers Cos Inc reported an 11 percent fall in quarterly profit hurt by higher catastrophe losses and lower underwriting gains. The company also authorized a $5 ...
Insurers Are Rapidly Adding ‘Virtual’ Customer Service Tools
Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you'll just as likely end up dealing with a robot as a ...