Personal Lines
Telematics-Based Car Policies in UK Reached New Highs During 2016
The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers' Association (BIBA). ...
Liberty Mutual’s Safeco Appoints Asher as President; Will Focus on Innovation, Analytics
Liberty Mutual's Safeco Insurance appointed a new president,an insider who has focused on analytics and other innovations. Tyler Asher takes over Safeco after nearly 18 years with the insurer in ...
Allstate Readies Black History Month Ad Campaign; Nationwide Renews NFL Sponsorship
Allstate Insurance said it is gearing up for its annual Black History Month advertising campaign, an annual digital, social and radio effort known as "Worth Telling." This year, Allstate plans to ...
Trump’s Push to Streamline Government Places the FIO’s Future in Question
Under U.S. President Donald Trump, the Federal Insurance Office's future is far from certain. Created by the Dodd-Frank financial reform bill in 2010 and launched in 2011, the Federal Insurance ...
U.S. P/C Insurers Heading for 2016 Underwriting Loss: A.M. Best
The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best's report ...
2017 Won’t be “Too Pretty” for U.S. P/C Insurance Earnings, S&P Warns
This year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease, but it will not be a "softer for ...
MAPFRE’s Castelo Takes Over as CEO for North America Operations
Spanish insurer MAPFRE Group has a new CEO for its North America arm, eight months after the changing of the guard was first announced. Alfredo Castelo is now president and CEO of MAPFRE U.S.A. Corp. ...
Travelers’ Q4 Profit Jumps Nearly 9 Percent; High Private Equity Returns Helped
Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit jumped 8.9 percent as investment income improved and the company recorded a gain ...