News
Asiana Airlines Reportedly Faces New Class Action Suit Over 2013 Plane Crash
South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million in damages, a lawyer for the ...
Liberty Mutual Launches Telematics Option For Home Smoke Alarms
Liberty Mutual Insurance hopes to advance the use of telematics in the home, with promises of extra discounts to customers who use a high-tech smoke and carbon monoxide alarm and agree to share the ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Progressive: Motorcycle Claims Peak in July
Progressive found that the average number of motorcycle insurance claims peaks in July, soaring 78 percent higher than in any other month, according to a review of its 2014 data. Beyond July, ...
A.M. Best Clarifies Stance on AXIS-PartnerRe Deal
While characterizing their opinion as neither an endorsement nor a recommendation of the proposed merger of AXIS Capital and PartnerRe, rating analysts from A.M. Best clarified that their stance on ...
Near Collision for Two Self-Driving Cars, Passenger Says
Two self-driving prototype cars, one operated by Google Inc. and the other by Delphi Automotive Plc, had a close call on a Silicon Valley street earlier this week, a Delphi executive told Reuters ...
XL Catlin Expands Cyber Breach Service Partnerships
XL Catlin has become the latest entity in the property/casualty industry to beef up its cyber breach services in an effort to respond to customer need and demand. The insurer said it has added a ...
Allianz, Unipol Join With New U.K. Insurance Industry Startup ‘BootCamp’
Allianz, Unipol Group and other international insurance players are participating partners in a new "bootcamp" launched in the U.K. for industry startups. An underlying goal: to propel innovation, ...
Global Insurance Regulators Delay Tougher Capital Rules For One Year
Global insurance regulators will take more time than previously planned to address industry concerns before applying tougher capital rules to some of the largest companies they oversee. Capital rules ...