Personal Lines
Burritos-by-Drone Testing Underway in the Virginia Mountains
Rising from the treetops, the whirring drone comes into view with its cargo tucked under the wing. It hovers about 25 feet above a bullseye on the grass. A white trapezoidal box descends, does a ...
Hurricane Matthew Could Leave Behind Nearly $15B in Florida Economic Losses
Hurricane Matthew has thousands fleeing the U.S. Southeast where it's expected to batter the coastline and threaten electricity supplies to more than 1 million people in Florida. Potential losses are ...
U.S. P/C Industry Saw First H1 Net Underwriting Loss in Over 3 Years
Bad weather and auto insurance struggles took their toll on U.S. property/casualty insurers through the 2016 first half, leaving the industry with its first H1 net underwriting loss in more than ...
Wells Fargo Scandal May Reach to Thousands of Small Business Owners
The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope of the bank's issues ...
RMS Keeping an Eye on Hurricane Matthew
Catastrophe risk modeler RMS is keeping an eye on Hurricane Matthew, one of the most powerful North Atlantic hurricanes in recent history. Matthew, which briefly reached Category 5 strength on Oct. ...
AIG Transfers 25,000 Brazilian Auto Policies to Porto Seguro Unit
American International Group Inc.'s business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro SA as the U.S. company scales back its international businesses. The ...
Executives On The Move at Hamilton, CNA, Western World and State Auto
An AIG vet signed up to run Hamilton Insurance Group's USA arm. CNA has a new executive for its Customer Segments division. Western World Insurance Group appointed a new director of risk management. ...
Climate Change Produces New Insurance Challenges All Around
Climate change is creating insurance challenges in multiple ways. The National Climate Assessment, a report released by the U.S. Global Change Research Program argues that climate change increases ...