Personal Lines
Thousands in Canada Lose Power After Arthur’s Atlantic Tantrum
Crews were working to bring back electricity to thousands of homes in Atlantic Canada Sunday after post-tropical storm Arthur swept through the area. More than 130,000 customers of New Brunswick ...
Progressive Boosts Ad Spending, But GEICO Still #1: SNL
Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, ...
Report: P/C Companies Persevered in Q1, Despite Storms and Other Obstacles
Property/casualty insurers in the U.S. made money in the 2014 first quarter even as many key indicators dipped, reflecting industry struggles caused, in part, by a tough winter. Net income after ...
14 P/C Insolvencies in 2013; Half RRGs: A.M. Best
A.M. Best announced its final tally of impairments for 2013 on Wednesday, counting just 14 for the year—the lowest level since 2007. The level was a little more than half the historical average and ...
Tacchetti Replacing LaRocco as AssureStart CEO
AssureStart, a Seattle-based technology startup that sells general liability and property insurance to small businesses on the Internet, announced that its board of directors named Greg Tacchetti ...
Nomura Warns Inflation Risks Could Tar Long-term Insurance Earnings
Property/casualty insurers' 2014 second-quarter earnings will generally serve as a model of stability, though inflation and other factors may adversely affect long-term trends, Nomura Equity Research ...
Tropical Storm Arthur Watch: Small Turns Could Mean Big Impact
As Tropical Storm Arthur develops off Florida's coast, AIR Worldwide isn't predicting an major insurance damage. But small moves can mean big changes, the Boston-based catastrophe modeling firm said ...
Predictive Modeling in Property/Casualty Insurance
Predictive modeling in property/casualty insurance has been most widely used in pricing, underwriting and marketing personal insurance products such as personal auto and residential. Commercial ...