Personal Lines
Insurers: Ignore the FinTech Revolution at Your Long-Term Peril
While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by ...
Allstate’s May Pre-Tax Catastrophe Losses Reached $202M
Allstate said it got hit with $202 million in pre-tax catastrophe losses in May, generated from eight separate events. The cost actually reached $259 million, but favorable reserve re-estimates for ...
Executives On The Move at W.R. Berkley, XL Catlin, Guy Carpenter and More
A new executive joined a W.R. Berkley Corp. division. XL Catlin hired a Chubb veteran to lead its Excess & Surplus lines business. At Selective Insurance Group, a division made a number of new ...
Need for Pilots Holding Back Flying-Car Dreams
The key to making effective flying cars is eliminating the need for a human pilot, according to Nathan Myhrvold, the co-founder and chief executive of Intellectual Ventures. "The problem with flying ...
Allianz, AXA, USAA Recognized in First Innovation in Insurance Awards
Allianz, AXA and USAA are among the winners of the first annual Innovation in Insurance awards. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the ...
U.S. Flood Insurance Reform Will Spur Trickle of New Players: S&P
Opening U.S. flood insurance to private insurers won't lead to a surge of new market entrants, Standard & Poor's asserts in a new report. Even if Congress passes legislation to make the change as ...
CSC Insurance-Telematics Offering Will Have Outsourcing Option
CSC is unveiling a new telematics-based auto insurance technology offering, promising carriers the option of outsourcing the service or blending it into their own system. The Virginia-based provider ...
Early June’s Bad Weather Poor Predictor For Atlantic Hurricane Season
A week into June and two tropical storms have drenched the U.S. South. Perhaps it would be a good time to stock up on duct tape, plywood and sandbags. Unfortunately, using the first few weeks to ...