Personal Lines
Travelers Head Toward Cancellation Mode as Omicron Emerges
Some would-be travelers are considering canceling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an ...
CEO Viewpoint: FEMA Flood Insurance Pricing Methodology Revamp a Positive Move
By now, you've probably heard of the Federal Emergency Management Agency's effort to revamp its method of assigning prices to the National Flood Insurance Program's policies, which took effect on ...
The Nonstandard Auto Market’s Positive Momentum Could Face Potholes From Inflation, Loss Severity Issues
Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may ...
As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best
European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally ...
Insurers See Victory in Infrastructure Bill’s Embrace of Marijuana Impairment Research
The $1.2 trillion infrastructure bill that became law last week earmarks billions for projects to improve safety for cars and trucks and protect properties from floods and wildfires. But one of the ...
Generali in Early Discussions About Possibly Buying Credit Agricole Subsidiary
Assicurazioni Generali SpA is in early talks on a possible takeover of Credit Agricole subsidiary La Medicale, as part of plans to expand in European non-life and health insurance businesses, ...
Hosta.ai Raised $11.5M from USAA, Others to Further AI-Driven Property Assessment Tech
Hosta.ai, an artificial intelligence property assessment technology startup, has raised $11.5 million in new venture capital from a group of investors including USAA and The Cincinnati Insurance ...
Veteran USAA Exec Burgess Joining Lemonade as New Chief Claims Officer
Digital insurer Lemonade has hired a former USAA executive to be its new chief claims officer. Sean Burgess was previously chief claims officer at USAA, and worked more than 25 years at the company, ...