Personal Lines
In Memorium: Chubb, Horace Mann Remember Two Execs Who Have Passed
Both Chubb and Horace Mann Educators Corp. disclosed the deaths of long-time, well-regarded executives. *** John Cox, the founding chairman and first employee of ACE Ltd., died recently at age 84. ...
Amica A.M. Best Financial Strength Downgrade Ends Perfect Rating
Amica Mutual Insurance Company no longer has a perfect financial strength rating from A.M. Best. More catastrophe losses and worsening automobile insurance claims severity are both to blame. ...
Conflict Over Who Will Pay for San Francisco’s $750M Tilting Tower
Nina Agabian, a retired director of research in global health science at the University of California, bought a 29th-floor apartment in San Francisco's Millennium Tower in 2010. "It was supposed to ...
Allstate’s 2016 Ended With Solid Profit, Despite $835M More Catastrophe Losses
Allstate ended 2016 with a solid profit thanks to premium hikes and tighter underwriting, despite a $853 million jump in catastrophe losses over the previous year. The property/casualty insurer ended ...Chubb CEO Greenberg Warns ‘Shutting Our Doors to Immigration Is a Mistake’
Chubb Chairman and CEO Evan Greenberg has criticized recent efforts by new U.S. President Donald Trump to restrict immigration, and also expressed concern for nationalist and protectionist sentiment ...
Prediction: Travel Insurance Could See 5 Percent Growth in 2017
Travelers insurance sales could grow as much as 5 percent in 2017 due, in part, to an expected increase in vacation travel and more worries about international terrorism, a division of Berkshire ...
Group Calls for Cutting-Edge Tech Infusion in U.S. Flood Insurance Program Revamp
A U.S. flood insurance program that is drowning in billions of dollars in debt can be modernized to bolster its finances while curbing the public's exposure to flood risks, a national coalition said ...
Uber, Daimler Link Up in Partnership for Self-Driving Vehicles
Daimler AG, the manufacturer of Mercedes-Benz, has struck an agreement with Uber Technologies Inc. to include the German company's self-driving vehicles on its ride-hailing network in the "coming ...