Industry News
Medical Cost Inflation Worries Businesses Most: Travelers
Regardless of size, American businesses say medical cost inflation, legal liabilities and technology risks are among their top concerns, according to the baseline findings of a new annual Business ...
Nomura: Progressive May Struggle To Keep Older Customers
Gone are the days when Progressive Corp., the nation's fourth-largest U.S. auto insurer, could grow through innovation alone. Future expansion will come at the expense of its rivals by going after ...Berkshire Specialty Treks Into Travel Coverage
Berkshire Hathaway Inc.'s Peter Eastwood, hired last year to expand into more insurance niches, is pushing into travel coverage in the latest challenge to American International Group Inc., his ...Farmers Insurance Class Actions May Signal Wave of Climate-Change Suits
A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding in lawsuits that are the first in what could be a wave of litigation over ...
How Technology Is Quietly Revolutionizing Insurance Distribution: Swiss Re Report
Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. ...
XL Group Exec: Be Mindful of 5 Interconnected Global Risks
In order to succeed, the global insurance industry must be mindful of five interconnected risks that keep the underwriting climate more volatile these days than not, XL Group Chief Enterprise Risk ...
Florida Cat Fund Has $13B as Hurricane Season Starts
Florida is entering a new hurricane season with continued good news. The state-created fund that backs up private insurers in Florida has billions in the bank and appears capable of withstanding a ...
The Hartford Employees ‘Mob’ Small Business to Boost Sales, Show Support
Hundreds of employees of The Hartford showed up at local businesses in 14 cities with money to spend, forming "Hart Mobs" in support of small business. By patronizing local businesses in cities ...