Industry News
The Downward Trend Continues for U.S. Commercial Auto Insurance Losses
U.S. commercial auto insurance losses have already been high for some time. They grew even worse, in 2016, hitting depths the sector hasn't seen in 15 years. A primary bellwether: the commercial auto ...
FM Global Gets Luxembourg’s Approval to Launch Post-Brexit EU Hub
U.S. commercial property insurer FM Global has approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain's ...
UK Labor Party Readies Brexit Negotiating Team as Election Campaign Gets Competitive
Jeremy Corbyn unveiled his team of Brexit negotiators, moving to dispel accusations by Prime Minister Theresa May that his Labour Party isn't prepared for Brexit talks starting soon after next week's ...
P/C Insurers Can Handle U.S. 2017 Hurricane Season: Fitch Analysis
The 2017 U.S. hurricane season may be here, but property/casualty insurers should be able to handle the challenges it brings. Fitch Ratings said in a new report. "Fitch currently has a negative ...
AI Will Transform Insurance Industry, Execs Say: Accenture Report
Three-quarters of insurance executives believe that artificial intelligence will transform the overall industry within three years, although a slightly lower percentage foresee significant changes ...
Willis Towers Watson Partnering With Roost to Form Home Telematics Testing Consortium
Global insurance consultant Willis Towers Watson is partnering with technology firm Roost to establish a claims data sharing consortium to help insurers test the effectiveness of water and fire smart ...
Former Platinum CEO Price Joins Board at The Hanover
The Hanover Insurance Group announced Tuesday that Michael D. Price has been elected to the company's board of directors, effective July 3. Price, a highly experienced senior insurance executive who ...
Group Linked to NSA Leaks Plans to Release More Data in July
A group that published hacking tools that security experts believe were stolen from the U.S. National Security Agency said on Tuesday it plans to sell a new batch of stolen code in July to customers ...