Industry News
Millennial Business Owners More Likely to Work With Insurance Agents: Nationwide Survey
Millennial business owners are more likely to work with insurance agents than those in other generations. What's more, they're seeking agent counsel on a variety of financial issues, according to ...
The Latest Launches From Starr Insurance and Willis Towers Watson
Starr Insurance Companies said it will begin marketing aviation insurance through its Brazil-based subsidiary. Willis Towers Watson is now marketing the latest version of its Radar pricing ...
Brexit Will Cause ‘Slow Puncture’ of Britain’s Financial Sector
Life in London's financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, ...
Stable Outlook for Private Passenger Auto in 2019: A.M. Best
Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment ...
State Farm Testing Blockchain Tech for Auto Claims-Related Subrogation
State Farm said it is testing a blockchain product for auto claims-related subrogation. Subrogation is typically the last part of an insurance claims process, where one insurance company recovers ...
BHSI Pulls Out of Hong Kong Employees’ Compensation Terrorism Pool
Berkshire Hathaway Specialty Insurance Co. disclosed it has withdrawn from the Hong Kong Employees' Compensation (EC) terrorism pool. BHSI claims to now be the first insurer in Hong Kong to provide ...
A.M. Best Keeps Stable Outlook for U.S. Commercial Lines, Despite Pricing Pressure Worries
The U.S. commercial lines segment gets to keep its A.M. Best stable outlook, based on a variety of market conditions and government actions that have left it in mostly solid shape. Healthy ...
Brexit Vote Delayed So May Can Avoid Defeat, Seek Better Deal With EU
U.K. Prime Minister Theresa May is calling off a crucial vote in Parliament on whether to approve her Brexit deal and will head back to Brussels to seek a better offer from the European Union. May ...