Personal Lines
Data-for-Doughnuts Vision Inspires Auto Insurers to Chase Google
The restaurants and doughnut shops you pass on your commute would love to predict when you'll be driving by. Your auto insurer may already know—and could be looking for a way to profit from that ...
Chubb’s Q2 Profit Dips 1% Due to Weak Investments and ACE Merger Costs
Chubb Corp., the insurer that agreed this month to be bought by Ace Ltd., said second-quarter profit slipped 1 percent on weaker investment results and costs tied to the transaction. Net income ...
Hackers Commandeer Moving Jeep; Fiat Chrysler Offers Software Patch
Fiat Chrysler Automobiles NV is offering a software patch to close a loophole that let two hackers take control of a moving Jeep sport utility vehicle in an incident spotlighting the vulnerability of ...
ACE’s Greenberg: Chubb Acquisition is ‘Unique Opportunity’ That’s Hard to Replicate
Executives from ACE Ltd. and Chubb are "moving quickly" and amicably to figure out the details of their $28 billion acquisition and expect their shareholders to vote on the proposal in the fall, CEO ...
ACE’s Greenberg: Chubb Merger Talks Worked Well With Alcohol
ACE Ltd. Chief Executive Officer Evan Greenberg, who agreed this month to buy Chubb Corp., said integration talks went well with management at the target company, at least after drinks were served. A ...
ACE, Focused on Buying Chubb, Basks In Q2 Profit Hike
ACE Limited, the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy sales climbed. Net income increased to $942 million, or $2.86 a share, ...
First Half Saw $15B in Insured Cat Losses—a Sharp Decrease From 2014: Impact Forecasting
The first six months of 2015 mark the quietest first half for global natural disaster losses since 2006, according to a new report from Aon Benfield's Impact Forecasting. The report, "Global ...
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...