Personal Lines
Industry Associations Applaud Draft NFIP Reform Principles
Insurance industry associations are applauding the draft Principles for Flood Insurance Reauthorization and Reform issued by the House Financial Services Housing and Insurance Subcommittee. These ...
State Farm Loses Hurricane Fraud Case in U.S. Supreme Court
The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage ...
Berkley’s High-Net-Worth Personal Lines Brand Debuts
W.R. Berkley Corporation, among the latest companies to embrace the high-net-worth market, has debuted its new personal lines brand focused on the space. It's called Berkley One. The line is set to ...
China Broker CNinsure Changing Name to ‘Fanhua Inc.’
CNinsure Inc., a China-based insurance broker, will now be known as "Fanhua Inc." Shareholders voted to change the name during a Dec. 6 meeting. Alongside the name change, the Nasdaq ticker symbol ...
Industrywide Webinar Urges Young P/C Professionals to Help Recruit Others
Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out. On Dec. 2, the recruiting ...
P2P Startup Lemonade Closes $34M in New Financing From General Catalyst, Others
Lemonade nailed down $34 million in new venture financing, a crucial, second round of financing as the peer-to-peer InsurTech startup focuses on expanding and growing sales of its renters and ...
Insurer Acquirers in M&A Deals See Their Stock Price Soar, Eventually
Mergers and acquisitions have consistently lifted the share price of insurers who pursued the practice, though it takes some patience for the phenomenon to happen. Acquirers have outperformed their ...
Using Graph Analysis to Root Out Complex Fraud Rings
A new form of predictive analytics offers the ability to detect fraud committed by a group or ring in real time. According to Philip Rathle, vice president of products for California-based Neo4j, ...