Personal Lines
Actuaries, Underwriters Still at Odds as Predictive Analytics Usage Grows
While recent survey results show less conflict between actuaries and underwriters over insurance pricing this year than last, and underwriters warming up to the use of predictive analytics, issues ...
Connected Cars Fuel Battle Over Big Data Goldmine
As you may have suspected, your car is spying on you. Fire up a new model and it updates more than 100,000 data points, including rather personal details like the front-seat passenger's weight. The ...
InsTech Startup Slice Partnering with Munich Re
Slice Labs Inc., the insurtech startup that disclosed $3.9 million of seed funding from XL Innovate and Horizon Ventures in March, announced Monday that Munich Re has signed on as a coverage partner. ...
Texas Hailstorms Brought Nearly $700M to Texas Homeowners: CoreLogic
According to new data released by CoreLogic on Monday, the 2016 hail season is already one of the most severe in Texas history, with year-to-date results reaching the nine-year average for U.S. hail ...
Fort McMurray Wildfires Are Canada’s Costliest Disaster Ever: IBC Report
Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C$3.58 billion ($2.76 billion), making it the costliest-ever Canadian natural disaster, an insurance industry ...
P/C Q1 Hurt by Catastrophe Losses, Lower Investment Gains: A.M. Best
It is clear now: the jump in catastrophe losses during the 2016 first quarter along with lower investment gains hurt U.S. property casualty insurers' bottom lines. While the P/C industry posted a ...
Tesla CEO Elon Musk Defends Timing of Autopilot Fatality Disclosure
Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to ...
Insurers Seek Influence on Next Round of Transatlantic Trade Negotiations
Insurers are doing what they can to shape the next negotiating round for the Transatlantic Trade and Investment Partnership, which is set to begin the week of July 11. The TTIP is designed to boost ...