ACE Limited completed its acquisition of Chubb yesterday, creating the world’s largest publicly traded property/casualty insurance company. ACE paid approximately $29.5 billion in the aggregate in cash and stock, based on the most recent closing price of ACE Limited shares …
President Barack Obama has nominated four individuals to sit on the 13-member governing board of a new national insurance producer licensing system. They are state insurance regulators from South Carolina and Minnesota and insurance producer representatives from Illinois and Pennsylvania. …
An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE Insurance to round out its executive team. Lemonade, the peer-to-peer (P2P) insurance …
Crash rates for self-driving cars are lower than the national crash rate of conventional cars, according to a new report out of Virginia Tech Transportation Institute that was commissioned by self-driving car developer Google. While self-driving cars have a rate …
The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty insurance company named Lemonade, which they promise will reinvent …
Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more efficient. AIG, which is one of the world’s largest …
Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate continued low interest rates, downward pricing pressures, …
The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived long-running stories. It was a year when P/C …
During the course of 2015, Insurance Journal published numerous property/casualty insurance lists and rankings. The following were the most popular. Top P/C Insurance Lists and Rankings of of 2015 Top 100 Independent Agencies 101 Sales, Marketing & Management Ideas How …
During 2015, a surprising number of top executives of property/casualty insurance carriers stepped down, opening the door for new leaders at the helm of some of the industry’s best-known brands. The replacements and successions happened for a variety of personal …
