Personal Lines
XL Group, Chubb and More Reveal High Q2 Cat Loss Estimates
Canadian wildfires, European floods, Japan and Ecuador earthquakes and U.S. hailstorms over the spring were dramatic enough at the time. Now, the damage these events left behind are leading a number ...
Pokémon ‘Augmented Reality’ App Game Leading to Liability Risks
Pokémon Go, a location-based "augmented reality" game for smartphones, may be shaping up to be a big insurance/liability challenge. The game launched in July (based on a 1990s children's card ...
I.I.I. Picks Ex-Zurich Exec/Bush Administration Vet as New CEO
The Insurance Information Institute has chosen its new leader – an ex- public affairs executive for Zurich Insurance Group who also once worked for President George W. Bush's administration in ...
Earthquakes, Storms Make H1 Insured Losses Soar: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a ...
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 ...