Personal Lines
Scott Fischer Named as New York’s Top Insurance Watchdog
New York's financial regulator promoted Scott Fischer to be the state's top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets. ...
Travelers Shares Plunge as Q1 Profit Drops 17 Percent
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said first-quarter profit slipped 17 percent as catastrophe costs climbed and investment income dropped on ...
Travelers, Allstate Blame March Texas Storms for Catastrophe Loss Surge
Property and casualty insurer Travelers Cos Inc reported a lower-than-expected quarterly profit as catastrophe losses nearly doubled, mainly due to hail storms in Texas in March. Travelers said on ...
Japan Kumamoto Quakes Caused Billions of Dollars in Economic and Insured Losses
The estimates are early, but economic and insurance losses stemming from the earthquakes that struck Japan on April 14-15 are already in the billions of dollars and rising. Catastrophe modeling firm ...
Time to Go Virtual? Optimizing Property Inspection Programs With Digital Imagery
Before underwriting a new policy or renewing existing policies, carriers want to understand the risk associated with the property. Has the property been properly maintained or are there significant ...
Houston Floods Kill at Least 8 and Destroys Hundreds of Homes; More Rain Likely
At least eight people have died and some 1,150 homes have been damaged in flooding triggered by torrential downpours in the Houston area this week, officials said on Wednesday, as forecasts called ...
VW Stock Surges as Investors Expect U.S. Emissions Settlement
Volkswagen AG rose to a six-week high after the manufacturer said it expects no need for a U.S. trial in mid-2016 over damages related to rigging diesel-engine control software to dupe emission ...
Ford’s Auto Partner in China Completes 1,200-Mile Self-Driving Car Test
Chongqing Changan Automobile Co., Ford Motor Co.'s partner in China, said it completed a 1,200-mile road trip to test a self-driving car as part of its ambitions to produce highly automated vehicles ...