Personal Lines
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 ...
CNA Creates Chief Diversity Officer Position; Ex-Chubb Exec Hired to Fill Slot
New CNA Chairman and CEO Dino Robusto continues to put his stamp on the insurer, this time with the creation of a new executive position: chief diversity officer. The Chicago-based property/casualty ...
Liberty Mutual’s Q4 Hammered by U.S. Personal, Commercial Auto Losses
Liberty Mutual Holding Company's 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full ...
More Insurer CFOs See Big Data as Helping Them With Growth Goals
Nearly 70 percent of insurer CFOs see pursuit of new growth, market expansion or an M&A deal as a significant priority, making it their top business driver, according to a 2016 EY survey of ...
Reserve Strengthening Likely for UK Insurers After Personal Injury Discount Rate Cut
The earnings of U.K. insurers likely will be hit by reserve strengthening following the U.K. government's announcement of a dramatic cut to the discount rate used to calculate lump-sum personal ...
State Farm’s Auto Underwriting Loss Soared to $7B in 2016; Profit Plunged
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 ...
Nissan First EU Tests of Self-Driving Car Begin in London
Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company's first European tests of an ...