Personal Lines
Wide Automation in Underwriting Helps Personal Lines Insurers Most: Celent
Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found. "They are more likely to have a homogenous book of business and a standardized ...
State Auto Dives Due to Continued Higher Auto Loss Costs
Ohio-based State Auto Financial Corp. announced first quarter 2016 net income of $3.0 million, or $0.07 per diluted share, versus net income of $24.7 million, or $0.60 per diluted share, for the ...
CNA’s Q1: Net Income Plunges but Underwriting Improves
CNA Financial Corp.'s first three months of 2016 produced a mixed bag of results. Fallout from a 2010 agreement to cede Asbestos and Environmental Pollution liabilities to National Indemnity Company ...
U.S. House Passes Flood Insurance Reform Bill Insurers Support
The U.S. House of Representatives passed a revamped flood insurance bill by a wide margin. If it becomes law, private flood would meet the mandatory purchase requirement of the National Flood ...
‘Airbnb for Cars’ Startup Raises $35M; Allianz Covers Participating Drivers
Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued ...
Older Drivers with Falling History Carry Heightened Crash Risks
Older drivers with a history of falling have a 40 percent higher risk of being involved in motor vehicle crashes. But despite this increased risk, drivers ages 40 – 80 still have a lower risk of ...
Market Dislocations Feel Like 2008; Carrier-Distributor Tensions Flare: Berkley
A dislocation in the insurance marketplace that is similar to one that developed in the wake of the global financial crisis in 2008 is creating opportunities for some carriers, the CEO of W.R. ...
Executives On The Move at W.R. Berkley and Kemper
Kemper Corp. hired an ex-ACE Group exec as its new chief information officer. W.R. Berkley Corp. brought on three former Chubb executives to flesh out its new high net worth personal lines division. ...