Personal Lines
P/C Insurance Operating Income Dropped by Double Digits in Q1: Fitch Ratings
Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings ...
GM Wins Third Ignition-Switch Trial, Though Many Lawsuits Remain
General Motors Co.'s victory in a Houston courtroom Thursday makes the carmaker three for three in trials related to an ignition-switch defect, but its legal entanglements may stretch on for years. ...
London Financial Firms Doubful About Quick-Fix for Post-Brexit EU Access
Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage ...
Why American Family’s CEO Embraces Social Media
Insurance industry executives have been slow to embrace social media tools such as Twitter and blogging in their professional lives. Jack Salzwedel is a notable exception. Salzwedel, the chairman and ...
Italy Quakes Could Lead to Limited Insured Losses: RMS
Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of ...
VW Agrees to Cover Dealers’ Diesel-Cheating Losses
Volkswagen AG agreed to pay 652 auto dealerships for their losses from the diesel-cheating scheme that's affected more than a half million cars in the U.S. The carmaker will buy back unfixable used ...
VW to Begin Environmental-Suit Settlement Talks With Some States
Volkswagen AG will start negotiating with a group of U.S. states to settle lawsuits filed over claims the carmaker violated their environmental laws by equipping vehicles with software to manipulate ...
Central Italy Earthquake Destroys Towns, Kills at Least 63 People
A powerful earthquake hit central Italy in the middle of the night, destroying small mountain towns and burying victims in the rubble of collapsed buildings. At least 63 people were killed, Italian ...