Personal Lines
AIG CEO Hancock Lost Confidence of Many on His Team
Before he lost the confidence of big-name investors and his company's board members, Peter Hancock squandered the faith of many of his staff. It was November 2015, after a disappointing quarter for ...
Severe Weather in February Cost Insurers More Than $1B: Aon Benfield
Insurers face claims of more than $1.0 billion as a result of severe weather events during February, primarily from storms in the U.S. and Australia, according to a report published by Impact ...
Successful IT Transformations Need CEO Vision, Follow-Through, Ambitious Targets : McKinsey
Insurance carriers pushing for a digital transformation in their operations won't go anywhere without the vision, follow-through and commitment of their CEO and senior leadership team. McKinsey & ...
EU Pushes to Save Paris Climate Change Agreement With More Diplomacy
EU foreign ministers on Monday said the bloc would strengthen diplomacy to promote the fight against climate change in the face of a possible U.S. exit from the Paris agreement. U.S. President Donald ...
Trump’s Tax Reform Plans Will Help Some U.S. Insurers, Reinsurers: Morningstar
A cadre of U.S. insurers and reinsurers stand to gain from lower corporate tax rates advocated by President Donald Trump and Republican members of Congress as part of a broader reform effort, ...
Humans Cause 84% of U.S. Wildfires
Humans have been the culprits behind hundreds of thousands of wildfires in recent decades, and they will probably make things a whole lot worse in coming years. Research from the University of ...
Fintech Products Work Best With Open Access to Data: Canadian Regulator
Canada's largest, most influential securities regulator said open access to data is essential to developing financial tech solutions using innovative technology such as blockchain, in a white paper ...
Progressive’s Flo Is Ready to Win Over ‘Rate Shock’ Drivers
Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents ...