Personal Lines
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...
Executives On The Move at Progressive, Hamilton, QBE and Arbella
We have a number of executive changes and board appointments to tell you about at Progressive, Hamilton Insurance Group, QBE North America and Arbella Insurance Group. Progressive said it has made a ...
Insurers Face More FEMA Oversight After Sandy Claims Allegations
Federal disaster relief officials are keeping a closer eye on companies that help it provide flood insurance, following allegations by Hurricane Sandy victims that claims were denied or underpaid ...
Poor Data Infrastructure Adds to P/C IT Project Costs: Novarica
Poor data infrastructure is adding to the cost of property/casualty insurer information technology projects, creating a financial burden as analytics becomes more crucial to business, Novarica ...
Ridesharing Insurance Legislation Advances in Georgia
A major property/casualty insurance trade group is lauding Georgia legislators' action on a bill mandating insurance coverage for ridesharing companies that covers an existing gap, mirroring similar ...
Making Renters Insurance Something Millennials Can Tweet About
One of the hottest markets in insurance right now is renters insurance. While only 31 percent of renters currently have insurance, the industry is expecting big changes to happen shortly. According ...
Shared Capital Impacting Insurance Industry: Berkley
The U.S. economy is evolving in many ways, most significantly when it comes to both the cost of capital and the ownership of capital, and that change in capital ownership is a challenge for the ...
Progressive CEO Tackles Aggregator Question in Advance of Google Launch
While the chief executive officer of Progressive didn't rule out the possibility of ever partnering with an aggregator website, Glenn Renwick highlighted the virtues of going it alone in the direct ...