Industry News
Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
Allstate Corp. CEO Tom Wilson said he does not expect auto insurers to get more aggressive on pricing as the industry's rate increases seem to have leveled off. For the most part, Wilson explained to ...
Texting, Social Media and Calls Top Driver Distractions: Report
U.S. drivers are distracted by their phones for nearly 11 out of every 100 miles driven, or 11 percent of the time, according to more than 1.3 billion miles of driving data from across the country ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Staff Cuts Help Fuel GEICO Profit; Not ‘Pouring Money’ Into AI: Jain
He's not yet ready to declare "mission accomplished," but Ajit Jain, vice chair of Berkshire Hathaway's insurance operations, said the conglomerate's personal auto insurer, GEICO, is no longer ...
Buffett to Step Down Following Six-Decade Run Atop Berkshire
Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will ...
World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market
The world's first-ever exchange-traded fund based on catastrophe bonds has failed to get the seed capital it expected after launching on the eve of the Trump administration's tariff war. "Some of our ...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
Global insured losses from natural catastrophes hit $137 billion in 2024, following the 5-7 percent annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this ...
Insurance Customers Embrace AI When Clear Value, Benefits Shown: Survey
A new survey reveals that while 25 percent of U.S. adult respondents view AI use by insurers negatively, more than half (55 percent) are indifferent. But when AI delivers tangible benefits like ...
Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return
Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after ...