Personal Lines
New Product Alert: XL Catlin, Aon Benfield, AIR Worldwide and More
XL Catlin recently unveiled new commercial crime insurance for the U.S. market. The policy is available on a primary, excess and quota share basis with policy limits up to $25 million. It includes ...
Alibaba Invests $188M in Cathay Financial’s Insurance Division
Alibaba Group Holding Ltd.'s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial ...
Towers Watson Embraces the Cloud with $15M Canadian Tech Company Acquisition
Towers Watson will buy up a Canadian tech company for more than $15 million. The deal is designed to boost its insurance technology/cloud computing offerings for property/casualty carriers as well as ...
Thoughts on Cleaning Up the Claims Department
It would be an understatement to say that the insurance industry has a few problems involving consumer loyalty, and claims issues certainly don't help. A recent Accenture Report found that 14 percent ...
FHA Urges National Overhaul of Guardrail Standards After Review
U.S. highway guardrail systems made by Trinity Industries Inc. and Road Systems Inc. have "safety performance issues" in some real-world crash scenarios, the Federal Highway Administration said as it ...
Survey Says: Millennials Love Usage-Based Auto Insurance Policies
More drivers aged 18 to 34, commonly known as millennials, are interested in usage-based auto insurance policies than are drivers in all other age groups. Specifically, 88 percent of millennials are ...
For Lloyd’s of London, Heavy Competition Produced H1 Pretax Profit Plunge
Lloyd's of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have ...
Genome Sequencing is Boosting Food Safety Efforts in Crucial Ways
Investigations into foodborne illness are being radically transformed by whole genome sequencing, which federal officials say is enabling them to identify the source of an outbreak far more quickly ...