property/casualty insurance News
Travelers’ Profit Plunges; Higher Cat Losses, Reduced Underwriting Gains to Blame
Property and casualty insurer Travelers Cos Inc reported an 11 percent fall in quarterly profit hurt by higher catastrophe losses and lower underwriting gains. The company also authorized a $5 ...
Insurers Are Rapidly Adding ‘Virtual’ Customer Service Tools
Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you'll just as likely end up dealing with a robot as a ...
Allstate, Others Pull ‘O’Reilly Factor’ Ads After NYT Harassment Report
More companies, including carmaker BMW and insurer Allstate, have pulled their advertising from Fox News' "The O'Reilly Factor" television program days after the New York Times reported Fox and star ...
P/C Insurers See $ in IoT, Smart Home Tech; Limited Data Access Hampers Potential
Internet of Things and smart home technology offer significant growth potential for property/casualty insurers, but data access limits could restrict how big the boom becomes, according to a new ...
AmTrust Soars on NASDAQ After Filing Delayed 2016 Annual Report
After two delays, AmTrust Financial Services has finally released its 2016 annual report and updated financials dating back to 2014. Investors appear to be elated by the news. AmTrust's stock soared ...
NICB Experiment: Using Highway Billboards to Combat and Reduce Auto Theft
You know those digital billboards along major highways? An insurance industry group is using ones along Albuquerque freeways as part of a public awareness campaign designed to reduce local automobile ...
Global Insurance Rate Decreases Moderated Yet Again in Q4: Marsh
Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter's decrease of 3.2 percent), according to Marsh's Global ...
Kemper CEO Says 2016 Results Reflect ‘Substantial Progress’
Catastrophe losses and higher personal auto expenses led, in part, to a sizable drop in net income for Kemper Corp. in 2016. In Q4, the insurer saw those numbers improve compared to the previous ...