Personal Lines
Breaking News: ACE to Acquire Chubb in $28.3 Billion Deal
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and ...
Liberty Mutual Launches Telematics Option For Home Smoke Alarms
Liberty Mutual Insurance hopes to advance the use of telematics in the home, with promises of extra discounts to customers who use a high-tech smoke and carbon monoxide alarm and agree to share the ...
Global Insurance Regulators Delay Tougher Capital Rules For One Year
Global insurance regulators will take more time than previously planned to address industry concerns before applying tougher capital rules to some of the largest companies they oversee. Capital rules ...
Florida Citizens to Ask for Rate Hikes in 2016
Florida has dodged hurricanes for the last decade, but the state's largest property insurer says it needs to keep hiking the rates paid by those customers who live along the coast and in heavily ...
Insurers Irked With Supreme Court’s Decision to Back Disparate Impact Claims
The U.S. Supreme Court said people who file housing-discrimination suits don't have to show they were victims of intentional bias, in a blow to lenders and insurers and a surprise legal victory for ...
Toyota Supplier: Autonomous Car Tech 15 Years From Full Launch
The technology to make cars fully autonomous probably won't be established until at least 2030, according to the top supplier for the world's biggest automaker. The auto industry will take ...
Verisk Division, IMS Team On Insurance Telematics Initiative
Verisk Insurance Solutions is linking up with Intelligent Mechatronic Systems in a strategic alliance designed to tap into the growing use of telematics in property/casualty auto insurance. The deal ...
Swiss Re: Non-Life Insurance Premium Growth Still Misses Pre-Crisis Levels
Non-life insurance premium growth continued to improve in 2014, fueled by a stronger performance in advanced markets. But it still averages less than before the 2008 financial crisis, Swiss Re said ...