personal insurance News
Safeco Will Take Over Donegal Mutual’s Personal Lines Biz in 7 States
Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to ...
La Nina Appears Likely for Remaining Winter
A U.S. government weather forecaster said on Thursday that La Niña conditions are likely to persist through the Northern Hemisphere winter. La Niña is characterized by unusually cold ocean ...
Belgium’s Ageas Sells Stake in Italian Insurer to BNP for $213.6M
Brussels-based insurer Ageas on Dec. 29 completed the sale of its stake in Italian bancassurer Cargeas Assicurazioni (CARGEAS) to BNP Paribas Cardif for $213.6 million in cash. Ageas and BNP Paribas ...
Calif. Wildfire Now 45 Percent Contained; Winds Cause Complications
California authorities have declared that the Thomas wildfire, which has been raging for two weeks in Santa Barbara and Ventura counties, is 45 percent contained. Is that reassuring or horrifying? ...
MAPFRE’s U.S. Division to Pull Out of 5 States, Reorganize
MAPFRE USA is reorganizing, with plans to pull out of five states and refocus its operations in others in order to strengthen its operations. The U.S. division of Spanish insurer MAPFRE Group will ...
Wells Fargo Will Get Out of Personal Insurance Business
Wells Fargo & Co said on Tuesday it would exit the personal insurance business and immediately begin winding down marketing and product promotion activity. Wells Fargo's personal insurance ...
InsurTech Innovation Updates From Lemonade and Roost
Lemonade has come out with a new product that offers new and existing members a "zero deductible" upgrade, letting them make up to two claims annually with no deductible payments or rate hikes. ...
Allstate’s Q2 Profit Doubles Thanks to Higher Premiums, Investment Gains
Allstate saw its profit more than double thanks to increased premiums, strong investment results and lower auto insurance claims frequency. Net income was $550 million for the second quarter of 2017 ...