Personal Lines
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 ...
UK Insurers RSA, Aviva Shake off Brexit Fallout With Higher Profits
Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in ...
Captive Insurers Have a Strong Place in the U.S. Market: A.M. Best
Captive insurance companies rated by A.M. Best ended 2015 in strong form, recording pretax operating income of $1.4 billion, a 13.5 percent increase over 2014, according to a new A.M. Best special ...