Personal Lines
New Drone Regs Leads to Pilot-Licensing Stampede
Thousands of would-be drone pilots are racing to get licensed under new U.S. regulations that have opened an aerial stampede. More than 3,300 have signed up to take the test on Monday, the first day ...
Homeowners Insurance Shines While Personal Auto Struggles: Fitch
While the U.S. personal auto insurance industry continues to be a sick patient, homeowners coverage is a significant bright spot, according to Fitch Ratings' latest report. Private passenger auto ...
Small, Specialty Insurer Hiring Plans Surpass Larger Peers: Labor Study
Small insurers are expecting to do most of the hiring in the industry, according to a new survey, which also highlights the high demand for niche specialty commercial lines underwriters and claims ...
China Online P/C Insurer Mulls U.S., Hong Kong IPO
Zhongan Online P&C Insurance Co., with more than 400 million customers, is targeting an initial public offering in the next 12 to 18 months as it targets winning over more younger consumers. ...
A Booming Economy Means Higher U.S. Auto Accident Fatalities
Who says recessions are all bad? About 5,000 fewer people die every year in auto accidents for each 1 percentage point increase in U.S. unemployment because downturns keep dangerous drivers off the ...
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 ...