Personal Lines
AIG Targets Wealthy Canadian Clients With Home Construction Risk Reduction Program
AIG launched a new risk-reduction service for wealthy clients in Canada whose high-priced homes are under construction. The mega-property-casualty insurer said that its AIG Insurance Company of ...
Pacific Gas & Electric Found Guilty of Federal Charges in CA Pipeline Blast
Pacific Gas & Electric Co was found guilty on Tuesday of several federal charges stemming from a natural gas pipeline explosion in California that killed eight people and injured 58 others in ...
Ultra-High-Value Clients Require Customized Coverage, Enhanced Service
Carriers pursuing ultra-high-value clients must be willing to enhance customer service and customize workflows to fulfill the unique needs of this complex segment, according to a new brief from ...
Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, ‘Continued Structural Changes’ Blamed
Business Insurance, a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The ...
Research Head for Google’s Self-Driving Car Project Departs
Chris Urmson, chief technical officer of Google's self-driving car efforts, said he's leaving as the Internet company moves the project from research into the creation of products. "I am ready for a ...
Chubb, AIG Vets Fill Out Exec Roster for High-Net-Worth Insurer PURE
The PURE Group of Insurance Companies is fleshing out its executive roster with veteran hires from Chubb and AIG, both rivals in the high-net-worth space. PURE is a New York-based company that ...
GEICO Gains Helped Boost Berkshire Hathaway Q2 Profit 25%
Warren Buffett's Berkshire Hathaway Inc. said second-quarter profit rose 25 percent on earnings from newly acquired manufacturing businesses and improved results at insurance operations. Net income ...
Allstate Creates Standalone Telematics Unit
Allstate Corp. Chief Executive Officer Tom Wilson created a stand-alone unit for a telematics business that he expects to grow rapidly by collecting data on drivers and selling analytics products to ...