Personal Lines
Self-Driving Cars Would Face 15 Benchmarks to Pass in Proposed U.S. Guidance
The Obama administration's proposed guidelines for self-driving cars, formally unveiled Tuesday, include 15 benchmarks automakers will need to meet before their autonomous vehicles can hit the road. ...
AIR Worldwide Estimates up to $11B in Insurable Losses for Louisiana Floods
Catastrophe modeling firm AIR Worldwide estimates that insurable losses from the rainfall-induced Louisiana floods in August will be between $8.5 billion and $11 billion. The rainfall lasted about ...
P/C Insurers’ Underwriting Losses Worsened in H1: A.M. Best
Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an ...
Allstate’s August Pretax Catastrophe Loss Tally: $154M
Allstate said its estimated pretax losses in August came in at $154 million, a sizable decline from the previous month. The Illinois-based property/casualty insurance giant said those losses ...
Typhoon Meranti Wreaks Havoc in China and Taiwan
Typhoon Meranti wreaked havoc in China and Taiwan after striking late Wednesday, causing damage, widespread flooding and massive power outages, according to RMS. It appears, however, that things ...
Uber Driverless Auto Pilot Program Rolled Out in Pittsburgh
When Pittsburgh woke up on Wednesday morning, some residents started having the choice of going about their day in an Uber that drives itself. The launch of Uber's self-driving pilot program marks ...
New York Issues First-of-Their-Kind Cyber Regs for Insurers and Banks
New York Governor Andrew Cuomo on Tuesday issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or ...
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...