Personal Lines
China’s Ping An Insurance Reports 40 Percent Profit Gain in 2014
Ping An Insurance (Group) Co., China's second-biggest insurer, said profit rose 39.5 percent last year as stock-market rallies bolstered its investment returns and it accelerated overseas property ...
Target Will Fork Over $10M To Settle 2013 Data Breach Class-Action Lawsuit
Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, ...
Insurance Innovation Can Tackle Global Environmental Disaster Risks
Property/casualty insurance industry innovation can help tackle environmental disaster risks as they emerge around the world, a Willis executive and UN official assert. Margareta Wahlström, the UN ...
Economic Losses From Natural Disasters Could Hit $750 Billion Annually in 15 Years: AIR Study
Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe ...
FIO’s McRaith: Feds Have the Backs of Insurers For Cyber Attack Threats
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director ...
Dollars and Sense: Risk-Based Pricing Helps Insurers Find Opportunities
Today, many insurers believe there is no bad risk—it just needs to be priced properly. As the market trends toward more analytic- and data-driven decisions, insurers are continually exploring ways ...
State Farm Gets FAA Clearance for Drone Takeoff
Bloomington, Ill.-based State Farm announced yesterday that it is the first insurer in the United States to receive FAA permission to test Unmanned Aircraft Systems (UAS) for commercial use. ...
Google Compare May Go Beyond Auto Insurance
The way Valen Analytics President and CEO Dax Craig describes it, Google's move into insurance with Google Compare for auto insurance is an "all-aboard, wake-up-and-smell-the-coffee" call to the ...