News
Accident Excuse for Google Self-Driving Car: Bus Didn’t Move Out of the Way
Alphabet Inc.'s Google said on Monday it bears "some responsibility" after one of its self-driving cars struck a municipal bus in a minor crash earlier this month. The crash may be the first case of ...
Many Insurers See Google as Potential Threat: Report
More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said. And young, mobile phone-friendly ...
Ex-American Modern CEO Rios Will Lead South African Insurance Group
When Manny Rios left his job as CEO of Munich Re's American Modern in August 2015, his next steps were a mystery. Now we know: He's become the leader of a South African insurance group Telesure. The ...
Ironshore Introduces Private Insurance Portfolio for High-Value Homeowners
Specialty insurer Ironshore Inc. has established a dedicated Private Client Group to introduce its new high-value homeowners insurance, the Ironshore Private Insurance Portfolio. The new personal ...
XL Group Looking to Switch Corporate HQ from Ireland to Bermuda
XL Group's $4 billion merger with Catlin in 2015 has led the insurance and reinsurance giant to look at its second change of incorporation in six years. The Ireland based holding company for XL ...
For State Farm, 2015 Underwriting Losses Balanced Out by Investment Gains
State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to ...
First ‘Contextual’ Telematics Insurance Model Launching in U.S.
Last week, LexisNexis Risk Solutions announced a new telematics model, describing it as the first U.S. insurance model to apply geospatial context to driving events to better understand how drivers ...
Massive Calif. Methane Leak Ranks as Largest U.S. Event of Its Kind
The months-long natural gas leak that forced thousands of Los Angeles residents from their homes ranks as the largest known accidental methane release in U.S. history, equal to the annual greenhouse ...