Personal Lines
Rising Sea Level Boosts Risk to U.S. Coastal Cities of Hurricane-Related Flood Damage
Rising sea levels in the coming years will create heightened risk of severe economic damage from hurricane-related flood in U.S. coastal cities, RMS asserted in a new report. The catastrophe modeling ...
Fitch Upgrades Rating for American Family Insurance
Wisconsin's American Family Insurance is the beneficiary of an upgrade from Fitch Ratings, thanks to such factors as strong capitalization and favorable reserves. Fitch said it upgrade the mutual ...
Allstate Roadside Services to Offer Assistance for Lyft Drivers
Allstate is getting involved in the ridesharing market with the announcement that Allstate Roadside Services is now offering 24/7 pay-per-use roadside assistance to drivers on the Lyft platform. Lyft ...
P/C Insurers Vary Widely in Catastrophe Claims Staff Compensation
Property/casualty insurers vary widely in their approach to compensating claims staff and managers as they respond to catastrophes, according to a new study from Verisk Analytics' Property Claims ...
Target Achieves Settlement With Visa Over 2013 Data Breach
Target Corp said it has reached an agreement with Visa Inc card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with ...
Willis Plans Support for Inclusion@Lloyd’s Diversity Festival
Willis Group Holdings has announced its support for a new London market collaboration to host a diversity and inclusion festival. The Inclusion@Lloyd's "Dive In" festival is a joint initiative ...
Novarica: ‘Agile’ Methodology Is Transforming Insurance Industry IT Development
In the last seven years, the use of agile methodology across the insurance industry has gone from zero to 90 percent. The agile model, a newer software development approach, involves more ...
Claims Process Will Gain From Drones, AI and the IoT: Strategy Meets Action
Drones, artificial intelligence (AI) and the Internet of Things (IoT) are considered the top three technologies that will impact claims, according to a new report by Boston-based insurance research ...