Personal Lines
Might Human Drivers Be Outlawed?
Tesla Motors co-founder and CEO Elon Musk thinks that human-driven cars could eventually be outlawed as computers show they can do a more efficient and safer job of driving. "In the distant future, ...
Bank of England Promises Fair Use of Solvency II Insurance Rules
The Bank of England said on Friday that it would apply new European Union insurance regulations "proportionately," following industry fears that the central bank might seek to add extra rules for ...
Zurich Exec to Senate Subcommittee: Industry Needs National Cyber Threat Database
Cyber insurance is one of the fastest growing property/casualty insurance markets. But the sector remains the Wild West of risk prevention, a fast moving target with rapidly-evolving risk portfolios, ...
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 ...