Industry News
Executives On The Move at AXIS and Marsh
A Swiss Re veteran is joining AXIS Capital Holdings' AXIS Re to lead its North America division. Marsh created a new position in the aviation practice of its Marsh JLT Specialty arm.
GEICO, Following Progressive and Others, Adds Telematics to Track Driver Behavior
Berkshire Hathaway's GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway's GEICO has been one of ...
AI and Bionic Eyes Poised to Be the Latest Wildfire Risk Reduction Tools
On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren't human. They don't blink or take breaks, and guided by artificial intelligence ...
No-Deal Brexit Will Be Unstoppable: Johnson’s Top Aide
Lawmakers will be unable to stop a no-deal Brexit on Oct. 31 by bringing down Britain's government in a vote of no confidence next month, Prime Minister Boris Johnson's top aide has advised, ...
Higher Claims Dampen Berkshire Hathaway’s Insurance Underwriting Profit
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the ...
The Hartford Sees Drop in Net Income After Absorbing Navigators Acquisition Costs
The Hartford saw its net income plunge and its commercial lines combined ratio spike during the 2019 second quarter, due in part to costs associated with its $2.1 billion acquisition of specialty ...
The Latest Launches From Starr and Travelers
A division of Starr Insurance Companies debuted a distribution channel to sell coverage that benefits small federal government contractors. Many customers for The Travelers Companies Inc. will now be ...
Allstate Cites Strategy Momentum as Driving Stellar Q2 Results
The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and liability insurance products while also expanding into other protection ...