Industry News
Insurance Veteran Motamed, 74, Dies
Thomas F. Motamed, an industry veteran who started his career as a claims trainee and eventually led some of the largest insurers in the world, died of brain cancer on Tuesday. He was 74 years ...
Tesla Wins Bellwether Trial Over Autopilot Crash
A California state court jury on Friday handed Tesla Inc. a sweeping win, finding the electric vehicle maker's Autopilot feature did not fail in what appeared to be the first trial related to a crash ...
Swiss Re: U.S. P/C Market Expected to Rebound
Swiss Re expects the property/casualty market in the U.S. to rebound in 2023, due to proactive underwriting and positive portfolio reinvesting gains. According to its latest U.S. P/C outlook sigma ...Swiss Re: U.S. P/C Market Expected to Rebound
Swiss Re expects the property/casualty market in the U.S. to rebound in 2023, due to proactive underwriting and positive portfolio reinvesting gains. According to its latest U.S. P/C outlook sigma ...
Different Works: RLI Posts Sub-80 First-Quarter Combined Ratio—Again
As property/casualty insurers preannounce catastrophe loss estimates that will dent first-quarter 2023 bottom lines almost daily, RLI Corp. reported a 68 property combined ratio with a 50 percent ...
Allstate Estimates $1.7B of Q1 Cat Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March. Losses in March were ...
Betterview Launches AI Roof Technology to Enhance U/W Decisions
California-based insurtech and property intelligence company, Betterview, announced new technology that uses artificial intelligence (AI) and computer vision to analyze high resolution aerial imagery ...
Desjardins Avidly Searching for P/C Acquisitions
Canada's Desjardins Group is seeking acquisitions in the property and casualty (P&C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters this week. ...