Personal Lines
Google, Ford Considering Self-Driving Car Partnership
Google and Ford Motor Co. are in talks about forming a partnership to develop autonomous car technology, a person briefed on the matter said last Tuesday. The extent of a partnership between the ...
2016 Prediction: P/C Pricing Pressures Will Force Broad Rate Declines
After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either ...
When One Driverless Car Hits Another, Who’s at Fault?
Imagine a robot car with no one behind the wheel hitting another driverless car. Who's at fault? The answer: No one knows. But plaintiff's lawyers are salivating at the prospects for big paydays from ...
2015’s Most Costly Insured Catastrophe Events: Swiss Re
The explosions at China's Tianjin port in August may have been the most costly insured catastrophe loss event in 2015, according to Swiss Re's estimates. But five other events also carried enormous ...
PCI, NAMIC Note Lobbying Wins in Congressional Legislation
Two of the property/casualty insurance industry's major trade associations noted provisions that made it to the 2016 Congressional omnibus spending bills and tax extenders legislation. The Property ...
Swiss Re: 2015 Insured Economic Losses Dropped to $32 Billion
Insured losses from natural catastrophes dropped in 2015 compared to 2014. But man-made losses spiked higher, led by China's Port of Tianjin explosions in August, Swiss Re said in its preliminary ...
The Changing State of Flood Insurance in the U.S.
Catastrophic floods have been damaging homes for as long as people have had permanent dwellings. They can cause devastating losses to homeowners and businesses alike almost anywhere in the U.S., both ...
Allstate Dives Deeper into Commercial Drone Research
Allstate said it has taken two strategic steps designed to advance its use of commercial drones for property claims. The property/casualty insurance giant said it has teamed with EagleView ...