Personal Lines
NAIC Brings on Former Penn. Commissioner Consedine as New CEO
The National Association of Insurance Commissioners picked a former Pennsylvania Insurance Commissioner as its new CEO. Michael Consedine, who will take on his new role in early 2017, said in ...
Zurich to Acquire Australian Travel Insurer Cover for $551M
Switzerland's Zurich Insurance Group has agreed to buy Australia's biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian ...
Crawford & Co. Buys Majority Stake in WeGoLook for $36.1M
Crawford & Co. disclosed it has acquired a majority interest in WeGoLook, an online and mobile collaborative economy platform based in Oklahoma. Crawford, a provider of claims management products ...
Michigan’s Auto-Owners Insurance Proposes Affiliation With New Hampshire’s Concord General Mutual
Auto-Owners Insurance, a Lansing, Michigan, based insurance provider, has announced its proposed affiliation with the Concord, N.H., based Concord General Mutual Insurance group of companies. The ...
La Niña Will Chill Northern U.S., Dry Out the South Through Winter
A La Nina that threatens to push cold temperatures across the northern U.S. and extend drought conditions in the south will probably remain in the Pacific deep into the winter, fading away by spring, ...
Insurability Challenges Hamper Cyber Market Development: Geneva Assoc. Report
While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market," according ...
Too Much Tech, More Lawyers Fuel Auto Insurance Woes: Hartford Execs
Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 ...
Carriers Can Avoid Some 2017 Uncertainty by Combating Cyber Risk, Embracing Innovation
Property/casualty face uncertainty about how they'll fare in 2017 for a variety of reasons, but there are four ways the sector can boost its odds for success, a new EY report argues. Insurers can ...