Personal Lines
S&P Moves Berkshire Hathaway ‘AA’ Rating to Stable Outlook
Warren Buffett's Berkshire Hathaway Inc. had its credit outlook raised to stable from negative at Standard & Poor's as the company's capital position strengthened. The "AA" rating was affirmed. ...
Allstate Estimates More Than $700M in Cat Losses for 2Q So Far
The Allstate Corporation announced $440 million of estimated pre-tax catastrophe losses for the month of May 2014 last week (or $286 million after taxes). The Northbrook, Ill.-based company said 11 ...
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in ...
Top 10 States for Lightning Claims in 2013: I.I.I., State Farm Analysis
According to the Insurance Information Institute, Georgia was the top state for lightning claims in 2013. The state had an estimated 11,184 claims paid to policyholders, totaling $56 million. Texas, ...
American Family, Microsoft Team Up on Startup Accelerator; Ventures to Create Smarter Homes
On Tuesday, Microsoft Corp. and American Family Insurance announced they are launching a unique business accelerator for startups focused on home automation. The accelerator will help the next ...
Lighting Losses Fell for Insurers in 2013, But Average Claim More than Double Since 2004
Insured losses to homes from lightning strikes in the United States fell to their lowest level in a decade last year, as severe thunderstorm activity eased from near-record levels and dry weather ...
Donan Launches DamageRecon for Hail Events
Donan, a forensic investigation firm, has expanded its service offerings to include severe weather data analytics with DamageRecon, a Web-based product that enables users to understand what really ...
Her-icanes Not More Deadly; Insurance Analysts Refute University Research
A recent study of hurricane names reveals some interesting information about gender stereotyping but doesn't support the conclusion that storms named after women are more deadly than those named ...