Personal Lines
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, ...
The Three Metrics That Matter Most for Managing Litigated Claims Costs
Insurers place major importance on measuring the costs for litigated files, according to a new LexisNexis industry survey. A sizable majority of respondents say that metrics such as average case ...
Florida Citizens Pushing for Policy Changes
Florida's largest property insurer wants to eliminate caps on rate hikes and limit what homeowners can do if they have water damage. The state-created Citizens Property Insurance Corp. is pushing for ...
AIG CEO Hancock Streamlines Executive Team; Four to Depart
AIG CEO Peter Hancock revamped a committee of senior executives he initially formed more than a year ago in a bid to further boost efficiency and growth. The move will lead to the departure of four ...