Personal Lines
$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 ...
U.S. Senate Bill Seeks to Wind Down Fannie Mae in Five Years
Fannie Mae and Freddie Mac would continue paying all of their profits to the Treasury for the next five years under bipartisan Senate legislation designed to wind down the U.S.-owned mortgage ...
Senate OKs Bill to Curb Flood Insurance Hikes
The Senate on Thursday went along with the House of Representatives by passing a bill to reverse flood insurance reforms and curb flood insurance premium increases. The Senate approved H.R. 3370, the ...
Industry Alliance Formed Promoting Value on High Net Worth Specialists
The Private Risk Management Association (PRMA) on Tuesday announced its formation as a nonprofit, independent, member-owned organization committed to supporting the specialist high net worth ...
Consumer Group Offers Fix for Uninsured Motorist Problem
Most uninsured motorists in the U.S. are responsible, safe drivers who simply cannot afford to purchase liability coverage with their income but who still need to drive for their work, according to a ...
Private Equity, Insurance Execs Team Up on Earthquake Insurer Startup
Genstar Capital Management, LLC, a middle market private equity firm announced Wednesday that it has partnered with insurance industry veteran David M. "Mac" Armstrong to set up an earthquake ...
Top 5 States for Auto, Homeowners Rates Hikes Revealed: Perr&Knight
Personal auto insurance companies increased their rates by an average of 2.5 percent countrywide in 2013, according to insurance consulting firm Perr&Knight's RateWatch reports. The 2013 increase ...