Personal Lines
China Insurers Launch Investment Firm, Finance Russia Natural Gas Project
More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure ...
U.S. Sues Volkswagen for Cheating on Emissions Testing
The Justice Department sued Volkswagen AG, accusing the German automaker of installing illegal devices meant to defeat emissions testing on nearly 600,000 vehicles, marking another blow against the ...
Natural Disaster Insurance Claims Plunged in 2015, but Climate Change Hurt: Munich Re
Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich ...
Farmers Debuts Rideshare Insurance in Oklahoma and Ohio
Farmers Insurance has started offering rideshare insurance in Oklahoma and Ohio, a move that dovetails with new laws in both states dictating coverage for ridesharing drivers. Farmers said it worked ...
Why Buffett’s 50th Year Running Berkshire Hathaway Disappointed Investors
Berkshire Hathaway Inc. investors had plenty to celebrate at the start of 2015. It was Warren Buffett's golden anniversary running the company, which had grown under his watch from a struggling ...
Allstate ‘Home Improvement’ TV Ad Campaign Uses Web, Twitter Components
Allstate rang in 2016 with a new marketing campaign designed to encourage clients to get customized coverage for do-it-yourself home improvement projects. Dubbed "Mayhem DIY," the television ...
Britain Faces More Extreme Weather, Rising Flood Costs
Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The ...
$1.2 Billion: Insured Loss Estimate Thus Far From Dallas Tornadoes
Texas is dealing with approximately $1.2 billion in insured losses so far from 9 confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary ...