Personal Lines
Concord Group Insurance Pool Elicits A.M. Best Ratings Downgrade
Members of the Concord Group Insurance Pool are facing ratings downgrades from A.M. Best. The main reason: an "inconsistent" operating performance. What that means is that pool members Concord ...
Holiday Season Will Unleash Hordes of Novice Hobby Drone Operators in Need of Insurance
The next wave of hobby drones will be wrapped in boxes underneath Christmas trees before they fill the skies. If industry sales projections come true, the holiday season will put tens of thousands of ...
Chinese Online Property Insurer ZhongAn Tops List of Financial Technology Innovators
Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and ...
Climate-Change Deal Includes Insurance Provision, Avoids Liability and Compensation
The world's nations took the boldest steps yet to stem climate change, adopting an historic package of measures to limit fossil-fuel pollution and establish a mechanism to step up the reductions for ...
El Nino Aside, a Snowy, Arctic Blast is Still Possible
The eastern U.S. has been pretty warm the past few days and is forecast to get even warmer. That's the kind of thing one would expect with one of the strongest El Ninos in the past 65 years under way ...
Fiat Chrysler Ordered to Pay $70M Over Auto Safety Reporting Lapses
The U.S. Department of Transportation said Thursday it is fining Fiat Chrysler Automobiles NV $70 million for failing to report vehicle crash deaths and injuries since 2003. The Italian-American ...
Industry Catastrophe Prep Largely Up to Snuff But More IT Staff Needed
With nearly universal use of catastrophe plan manuals, property/casualty insurers are largely ready to manage catastrophe claims operations, a new benchmarking report says. But like anything else, ...
Industry On Track for Third Straight Underwriting Profit; 2016 a Closer Call
The property/casualty insurance industry will report an underwriting profit for the third consecutive year in 2015—a streak unmatched since the early 1970s, according to analysts at Fitch Ratings, ...