Personal Lines
Canadian Earthquake Cat Modeling Gets an AIR Worldwide Revamp
AIR Worldwide revamped its earthquake model for Canada, with updates covering seismicity, paleoseismic and active fault data, among other areas. Simply put, the Massachusetts-based catastrophe risk ...
Reserve Charge, Cats to Dent State Auto Financial Earnings; EMC Down on Cats
Midwest insurers State Auto Financial and EMC Insurance Group preannounced anticipated declines in second-quarter earnings last night, with catastrophe losses hitting both companies, and a ...
Cars Need to Think Like Humans to Drive Themselves; Pollution an Issue: Auto Scientists
Automakers intending to bring driverless cars to market need to work as much on software design as mechanical engineering, the researcher leading Nissan Motor Co.'s automated-vehicle program said. ...
Spending on Ads Still Beats Spending on Auto Insurance Agents: Nomura
Two analysts at Nomura Equity Research published statistics on advertising spend and premium growth Friday, reinforcing a conclusion they advanced late last year—that dollars spent on advertising ...
‘Funnel of Fire’ Destroyed 100 Homes in Washington; Fires Continue
A fire racing through rural north-central Washington destroyed about 100 homes as of Friday, leaving behind smoldering rubble, solitary brick chimneys and burned-out automobiles as it blackened ...
Insured Losses From Hurricane Arthur Will Not Exceed $250M: RMS
Insured losses from Hurricane Arthur—the first hurricane to make landfall in the U.S. since 2012's Hurricane Sandy—will not exceed $250 million from wind and coastal flooding, according to ...
USGS: 16 States At Particular Risk For Damaging Earthquakes
As many as 16 states are at high risk of damaging earthquakes, but 42 in all are vulnerable to some degree, the U.S. Geological Survey has concluded in an update of its seismic hazard maps. Alaska, ...
Eight New Companies Join Ward’s Annual Top 50 P/C Ranking
Eight new nominees join Ward Group's 2014 roundup of the 50 top performing property/casualty insurers. The recently released analysis crowns the best performers out of more than 3,000 companies in ...