Personal Lines
Progress Made Containing Massive California Wildfire
Containment has increased on a wildfire north of Los Angeles, which has grown to more than 58 square miles. Officials report the blaze is 25 percent surrounded as of today, and most of the evacuation ...
The Hartford Will Sell U.K. P/C Runoff Subsidiaries to Catalina
The Hartford has found a buyer for its U.K. property/casualty runoff subsidiaries, capping a process that began in 1993. Catalina Holdings UK Ltd. will buy the insurer's Downlands Liability ...
P/C Industry Profit Erosion Accelerating in 2016 as Multiple Factors Converge: S&P
Property/casualty insurers could be sliding into trouble in the second half of 2016. Blame a number of factors, including higher catastrophe losses, negative results in private passenger auto and ...
How U.S. Inland Flood Became a ‘Peak’ Peril
Flood is the most pervasive and frequent peril in the U.S. Yet, despite having the world's highest non-life premium volume and one of the highest insurance penetration rates, a significant protection ...
EU, Consumer Groups Pressure VW for Compensation
Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal. The ...
Why Asian-Americans Could Be Ideal Insurance Customers
For an industry known to flood households nationwide with blaring messages of money saving techniques, the insurance category certainly feels comfortable loosening its own purse strings. Ponying up a ...
U.K. Insurers Accused of Not Supervising External Salespeople
The Financial Conduct Authority will write to chief executives of U.K. insurers after it found "widespread" evidence that companies are failing to supervise external salespeople. More than half of ...
Fintech Startup Gets German Banking License; Insurance Offerings Planned
N26, a Berlin startup that offers financial services directly to consumers, said Thursday it's received a German banking license that will let it offer a fuller range of products across Europe. The ...