Personal Lines
A Different Take on Insurance Price Optimization
Bill Gausewitz, Esq., recently published an intriguing article in Carrier Management that supports insurers using "price optimization" approaches to make profits. He pits "…business goals of growth ...
Allstate’s Auto Claims Surge in Q2, Leading to 45% Slide in Quarterly Profit
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit plunged 45 percent on a surge in claims from automobile coverage. Net income declined to $355 ...
Car Hacking Risks May Go Well Beyond Fiat Chrysler: U.S. Regulator
The cyber security issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety ...
Zurich Insurance Reportedly Raising Financing For Possible RSA Takeover Offer
Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group that could come as early as next week, according to people familiar with the matter. The ...
PURE Starts Offering Workers Comp in Florida For Members’ Domestic Employees
Privilege Underwriters Reciprocal Exchange (PURE) is introducing workers compensation insurance for domestic employees of its members who live in Florida. Eligible employees include those who care ...
Auto Insurers Setting Premiums May Treat Risky Borrowers Worse Than Drunk Drivers
A customer's credit score may matter more than a drunken-driving conviction for auto insurers setting premiums, Consumer Reports said, citing a review of price quotes in the U.S. from more than 700 ...
China-Linked Hackers That Hit U.S. Govt. Reportedly Breached United Airlines
The hackers who stole data on tens of millions of U.S. insurance holders and government employees in recent months breached another big target at around the same time -- United Airlines. United, the ...
Cash Will be King if Zurich Insurance Buys RSA
Zurich Insurance Group AG said any offer for RSA Insurance Group will probably be in cash. Wednesday's statement from Zurich means "there's a very high likelihood that it will come through with an ...