Personal Lines
U.S. P/C Industry Maintains Stable Outlook for 2016 Despite Tough Market: S&P
Despite ongoing soft market conditions, declining statutory surplus and "unsustainable levels" of reserve releases, the U.S. property/casualty industry will maintain a stable outlook for 2016, ...
Two More AIG Execs Depart in Ongoing Overhaul; New COO Named
American International Group Inc. veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the ...
The Hartford CEO Swift: M&A One of Many Possible Growth Options
The Hartford Chairman and CEO Christopher Swift said that M&A is one of many possible options for the property/casualty insurer as it looks at ways to accelerate growth in the months ahead. "We ...
As El Niño Peaks, La Niña is Poised to Emerge
Even as the El Nino weather phenomenon continues to impact global temperatures and crops, its counterpart La Nina is increasingly expected to emerge in the coming months for the first time in four ...
In Q4, Markel Improved Combined Ratio and Grew Net Income
Markel Corp. reported $197.9 million in net income to shareholders for the 2015 fourth quarter, up from $117.6 million during the same period in 2014. For the full-year 2015, the Richmond, ...
Uber Will Pay $28.5M to Settle Claims Its ‘Safe Rides Fee’ Misled Passengers
Uber Technologies Inc. said it will pay $28.5 million to settle claims that a $1 "safe rides fee" charged to riders was misleading because its background checks on drivers aren't as rigorous as the ...
Kemper P/C Group Head Exits After Division’s Q4 Operating Loss
Kemper Corp.'s Denise I. Lynch is leaving her position as Property/Casualty group executive, effective immediately, to pursue other opportunities, the insurer said. The news comes after Kemper ...
What P/C Insurance Industry Lobbyists Are Fighting for in 2016
Election year or not, P/C industry lobbyists are planning for a busy 2016 in Washington, D.C. The American Insurance Association and the National Association of Mutual Insurance Companies are among ...