Kemper Corp. reported net income of $92.2 million for the third quarter of 2018, compared to $47.7 million for the third quarter of 2017. As adjusted for the acquisition in the quarter of nonstandard auto insurer Infinity, net income was …
Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter, capitalizing on trends ranging from more train traffic on …
Pulling together some loose threads from October’s Insuretech Connect Conference, here are 10 takeaways: Innovation Rap. “I actually feel the industry gets a bad rap in terms of innovation,” Dan Glaser, Marsh McLennan Cos. CEO, told the roomful of innovators, …
It might be time for carriers and agents to encourage their clients to buy flood coverage even if they’re not living and working inside a flood zone. Such an action is long overdue, according to insurance commissioners from Florida, South …
Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change — or face higher borrowing costs on the $3.9 trillion municipal bond market. Climate advocates cheered, hoping the prospect of …
Segway Ninebot, the primary manufacturer of shared electric scooters, is hitting back three days after one of the biggest scooter-sharing companies said manufacturing issues had led some vehicles to smolder or even catch fire. In a statement on Friday, the …
Bayer AG’s chief executive said this week the company might consider settling lawsuits over Monsanto’s glyphosate-containing weed-killers depending on how high court costs rise, but stressed it remained focused on defending the combined company against claims they cause cancer. Bayer …
A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards. Senator Ron Wyden released a draft of legislation that would …
Specialty insurer Hiscox USA has promoted David Hart to senior vice president, product head for Media. Hart, who joined Hiscox in 2006 and manages media and entertainment insurance products in the U.S., has three decades of experience underwriting media and …
A push on Capitol Hill to speed development of self-driving vehicles may not cross the finish line in time for this Congress — casting doubt on the future of unusually bipartisan legislation in Washington. In order to get a final …
