personal auto News
Virtual Claims Startup Snapsheet Raises $12M Round, Led by Tola Capital
Virtual claims technology provider Snapsheet has closed a $12 million series D round led by venture capital firm Tola Capital. This marks nearly $50 million in funding since the startup launched in ...
Too Much Tech, More Lawyers Fuel Auto Insurance Woes: Hartford Execs
Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 ...
Commercial Auto Claims Spike: Blame Safer Vehicles, Distracted Drivers
Earlier this year, Fitch Ratings reported that the commercial auto insurance market suffered its fifth consecutive year of underwriting losses in 2015. The commercial auto combined ratio averaged 106 ...
Kemper Wins A.M. Best Ratings Affirmation, Plus Warnings of Limited Growth
Kemper Corp. won some ratings affirmation validation from A.M. Best, but that good news is paired with a warning of the insurer's limited growth potential down the line. A.M. Best affirmed the ...
Margin of Loss Reserve Adequacy Down to 2%; Well May Run Dry: Conning
Loss reserves for the U.S. property/casualty industry are still adequate, but the fat was trimmed down to roughly 2 percent of overall carried reserves for year-end 2015, an analyst reported last ...
Valen Analytics Scores Personal Auto Analytics Deal With Capital Insurance Group
Valen Analytics, a provider of proprietary data, analytics and predictive modeling for property/casualty insurers, announced that Capital Insurance Group (CIG) will be leveraging Valen's InsureRight ...
Uber Fails to Freeze Drivers Group Lawsuit
Uber Technologies Inc. lost its bid to freeze a lawsuit bound for trial over California drivers' demands to be treated as employees while the company appeals rulings that dramatically increased the ...
Retention With Profit: Best Practices for Auto Underwriting
"Every generation needs a new revolution," noted Thomas Jefferson, and in present times it seems that several revolutions are joining forces in the insurance world. The recent innovations of ...