Personal Lines
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 ...
EU Explores Creation of Cross-Border Car Insurance/Pension Market
Creating a pan-European retail market in car insurance and pensions largely hinges on whether 500 million consumers will go online to widen their choice of products, the EU's executive body said on ...
Specialization Key for Personal Lines Insurer Growth: Conning
Personal lines insurers don't need to be big in order to excel, according to a new study. In fact, only two companies on Conning Inc.'s list of Growth and Profit Leaders are in the top 10 for either ...
Updated: Venezuela Volatility Hurt Liberty Mutual’s Q3
Liberty Mutual Holding Company continued to deal with the volatile Venezuelan market during the 2015 third quarter, from which it is pulling back. It also faced some energy related losses during that ...
‘Monster’ El Nino Could Produce More and Stronger Events Over Next Decade
In Buffalo, it hasn't snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during ...