Personal Lines
A.M. Best 2016 Prediction: Lower U.S. P/C Underwriting Profit With Market Cracks
U.S. property/casualty insurers, fresh off a third consecutive year of underwriting profit in 2015, will likely achieve this again in 2016. At the same time, the market will develop some cracks along ...
State Auto Blames Auto Lines for Disappointing 2015
State Auto Financial Corp. ended 2015 with a steep drop in net income and a combined ratio that landed well above 100. Executives blamed a bad year for the insurer's auto lines but added that they've ...
Nationwide Hopes NASCAR’s Dale Earnhardt Jr. Will Highlight Broad Product Roster
Dale Earnhardt Jr. is again resurfacing as a Nationwide spokesperson, with new television commercials set to debut during the Daytona 500 on Feb. 21. The professional stock car racing driver and son ...
Apple Readies Privacy Legal Fight Against iPhone Decrypt Order
A court order demanding that Apple Inc help the U.S. government unlock the encrypted iPhone of one of the San Bernardino shooters is shaping up as a crucial test case of how far the government can go ...
Howard Succeeds Boyle as International Editor for Wells Media
L.S. Howard has been appointed international editor for Insurance Journal and Carrier Management. The London-based journalist succeeds Charles E. Boyle, who retired at the end of 2015 after 17 years ...
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 ...