Personal Lines
Record-Breaking Ice; Is Flooding Next?
The winter of 2014 looks to go down in history for record temps and record claims. To date, Enservio data shows that in February 2014 alone, ice damage related RCV jumped 200% over the last five ...
Use of Predictive Modeling Increasing: Towers Watson
The use of predictive modeling continues to increase in nearly every business line, according to Towers Watson's fifth annual Predictive Modeling Benchmarking Survey. The survey examined how North ...
Developers Wanted by Progressive for Driver Behavior Smartphone App
Progressive is working with application developers to find a way to use mobile phones to measure customers' driving behaviors, the auto insurer said in an announcement yesterday. The announcement was ...
UK Spending Cuts Could Mean More Flood Re Claims: Fitch
Uncertainty about UK government spending on flood defenses means the industry-managed Flood Re program for pooling flood risk may face higher-than-expected claims in the future, according to Fitch ...Apollo’s Insurer Athene Looks to Raise $1 Billion for Acquisitions
Athene Holding Ltd., the insurer controlled by Leon Black's Apollo Global Management LLC, doubled its capital-raising goal to $1 billion to add funds for acquisitions. The insurer plans to finalize ...
China’s Ping An, Ctrip Travel to Sell Smog Insurance to Tourists
Ping An Insurance Group Co., China's second-biggest insurer, is collaborating with Ctrip.com International Ltd. to sell smog insurance to tourists traveling to Beijing and six other Chinese cities. ...
$11+ Million a Day in U.K. Flood Insurance Claims, Says ABI
Insurance claims from the recent spate of floods in the U.K. are averaging $11.18 million a day, according to the Association of British Insurers (ABI). The "wettest winter on record is likely to ...
Esurance Adds Video Appraisals for On-the-Spot Claim Estimates
Esurance, the direct-to-consumer personal insurance company, has added what it believes to be an industry-first mobile feature: video appraisal, which enables consumers to video chat with an Esurance ...