Personal Lines
First ‘Contextual’ Telematics Insurance Model Launching in U.S.
Last week, LexisNexis Risk Solutions announced a new telematics model, describing it as the first U.S. insurance model to apply geospatial context to driving events to better understand how drivers ...
Massive Calif. Methane Leak Ranks as Largest U.S. Event of Its Kind
The months-long natural gas leak that forced thousands of Los Angeles residents from their homes ranks as the largest known accidental methane release in U.S. history, equal to the annual greenhouse ...
P/C Claims Customer Satisfaction Dips for First Time in 5 Years: J.D. Power
Customer satisfaction with property insurance claims dipped for the first time in five years. The reason why: Carriers appear to be cutting service to reduce expenses in a toughening market cycle, ...
RSA Warns British Exit From EU Could Harm Its Business, Investment Returns
RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer's business and investment returns, underscoring a warning from top executives about ...
P2P Startup Lemonade Bets Behavioral Science Can Take the ‘Annoying’ Out of Insurance
A company that openly berates the current insurance industry as one that is annoying and in need of a makeover believes that adding behavioral science to the mix will help fix it. The New York-based ...
January Storms Cost U.S. $2B: Aon Benfield’s Impact Forecasting
Severe winter storms in the U.S. and Asia caused an estimated $4.0 billion in economic damages, topping the list of January catastrophes, according to a monthly recap from Aon Benfield's Impact ...
Departing AIG Dealmaker Schreiber Was Equal Parts Volatile and Invaluable
In January, Brian Schreiber was working nearly around the clock preparing an investor presentation on American International Group Inc.'s new direction, called Simplifying AIG. On Feb. 15, Schreiber ...
Why Google’s Online Insurance Experiment Failed: The Insurance Industry Sounds Off
The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto ...