Personal Lines
Hartford Reportedly Working With JPMorgan to Unload Annuity Runoff Biz
Hartford Financial Services Group Inc. is working with JPMorgan Chase & Co. to see if the insurer can find a buyer for Talcott Resolution, the unit that includes U.S. variable annuities, ...
Self-Driving Car Guidelines Urge Data Sharing to Boost Safety
Competitors locked in a cut-throat race to bring fully self-driving cars to American roads are being asked to share experiences with "edge cases," rare scenarios that pose the most vexing safety ...
P2P Insurance Startup Lemonade Makes New York Debut; Further Expansion ‘In Due Course’
Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup's debut and initial venture funding announcement. The New York-based company said that it now ...
When Vehicle Claims Surge: How to Weather the Storm
Unpredictable and severe weather patterns are a continuous and growing concern for property/casualty insurance companies. In fact, data findings from a new study in the journal Naturedemonstrate that ...
Racketeering Suit Alleges State Farm Bankrolled Judge
Some customers of State Farm Mutual Automobile Insurance Co. claim the company conspired to help elect an Illinois Supreme Court candidate so he could vote to throw out a $1 billion award against the ...
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 ...