Personal Lines
Allianz Q3 Profit Drops 15% After Plunge in P/C, Asset Management Earnings
Allianz SE, Europe's biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ...
The C-Level Actuary
Actuaries have always been involved in the management of risk, and more and more we are seeing actuaries take on roles that may be considered outside of the realm of "traditional" actuarial work, ...
Heritage Insurance, Looking Beyond Florida, Reports Big Q3 Gains
Heritage Insurance Holdings, a Florida-based property/casualty insurance holding company pursing expansion into multiple states, reported big gains across the board for its 2015 third quarter. The ...
Louisiana Citizens Looks to Shed Questionable Insurance Coverage
Louisiana Citizens Property Insurance Corp. may soon end the longstanding, and apparently unique, practice of selling policies that include a $10,000 deductible for non-hurricane damage. Chief ...
Novarica: U.S. Small Commercial Insurance Market Slowly Warming to Online Sales
Few carriers in the U.S. small commercial insurance market are relying on direct online sales right now. But the number is growing, and it could become quite large within the next five years, ...
AIG CEO Reportedly Warns Staff Lifetime Employment Is Not Guaranteed
American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can't all count on lifetime ...
Takata Must Pay Up to a Record $200M Over Defective Air Bags
The Japanese maker of air bags linked to the deaths or injuries of dozens of motorists has agreed to pay a U.S. civil penalty of up to $200 million and have an independent monitor oversee the ...
A 106.5 Combined Ratio for Allstate’s Esurance Is Good News
A combined ratio of 106.5 would be a sign of trouble for almost any property/casualty insurer. For Allstate's Esurance, the number is good news. Esurance, an online auto and home insurance provider, ...