Personal Lines
U.S. Regulators Urge Banks to Boost Cyber Security Standards
U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation's leading financial firms. Leading banks ...
Hurricane Matthew Damage Won’t Harm Most Insurer Ratings: A.M. Best
A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in ...
Slow Canadian Wildfire Insurance Payments Spur Anger in Burnt-Out City
Some five months after the wildfires that devastated Fort McMurray were extinguished, anger over red tape and the slow pace of insurance payouts and permit issuance is flaring in the remote northern ...
VW Pursues Final Approval of $14.7B Emissions Deal; Vehicle Fix Still Pending
Volkswagen AG is asking for a final sign-off on its $14.7 billion settlement with drivers as it continues to seek regulators' approval of a fix for 482,000 pollution-spewing vehicles still on U.S. ...
AIG Selling Fairfax Financial Some Latin America, Central and Eastern Europe Operations
American International Group will sell off some of its Latin America, Central and Eastern Europe operations to Fairfax Financial Holdings Ltd., and the two companies in turn expect to form a ...
InsurTech Founders Are Often Not Insurance Industry Veterans
As InsurTech companies increase in number and scope, the P/C industry may be surprised about one thing: only a small number of founders may actually be insurance industry veterans. So says, Tim ...
Drowsiness a Problem for Teen Drivers: Liberty Mutual
More than half (56 percent) of licensed teens admit to having driven when they felt too tired to drive their best, and almost a third (32 percent) are driving drowsy at least sometimes, according to ...
Insurers Risk Plenty by Keeping Their Technology Budgets Static: Novarica
Insurers' technology budgets remain flat in an age of disruption and technology - a risky move in the face of increased rivalry from tech-enabled upstart competitors, consulting firm Novarica said in ...