National Section

Incoming, Outgoing Travelers CEOs Talk Transition, M&As

Departing Travelers Insurance CEO Jay Fishman and his successor, Alan Schnitzer, insist that the property/casualty insurance giant will experience a smooth transition. The Travelers Companies announced on Aug. 4 that Fishman would give up his role as CEO due to …

AIG Sees Opportunity in ACE-Chubb Marriage

ACE Limited’s acquisition of Chubb Insurance could create opportunity for American International Group (AIG), which is already a major player in the high net worth market along with both ACE and Chubb. Asked during an analysts’ call about the ACE-Chubb …

Business Moves

Zywave, Intygral Insurance software provider Zywave has completed the asset purchase of Intygral, a provider of automated marketing for property/casualty personal lines brokers. The Intygral system provides automated, industry-specific prospecting campaigns. As part of the agreement, Intygral customers will be …

The Myth of the Tech-Savvy Millennial

The idea that Millennials have superior tech skills and knowledge is something that has been an oft-repeated fact, both in the insurance industry and in our national consciousness. It makes sense; Millennials are the first generation of ‘digital natives’ – …

Opportunities New and Old

A Conning report on changing personal line dynamics notes some interesting opportunities for insurers and distributors. Projections show for a rapid increase in the number of people in the 65-plus group over the next 10 years. This aging U.S. population …

Insurers Unprepared for Self-Driving Car Disruption: KPMG

The majority of property/casualty insurers do not expect autonomous or self-driving vehicles to have a real impact on their auto insurance business for another decade and have not adjusted their business models to prepare for the disruption. Many insurer executives …

The New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg

The new company formed as a result of ACE Limited’s $28 billion acquisition of The Chubb Corp. will continue the Chubb practices that have made it a favorite among independent insurance agents, ACE CEO Evan Greenberg has promised. The new …

Declarations

A Moving Target “It seems to be a moving target. I think the important part of this is (the settlement has been reached), and where will the money eventually end up and who will have the eventual say on where …

10 Things to Know About Condominiums

The condominium association owns and insures the outside structure of the condominium building. The condominium master policy agreement (bylaws) stipulates what part of the structure is owned and insured by the association and what part makes up the individual’s unit …

Autonomous Vehicle Liability: Not Automatic Yet

A recent blog post asked a complicated question around the increasingly popular topic of insurance liability for accidents that involve autonomous vehicles (AVs — vehicles that can, as prototypes today, drive themselves on everyday streets and highways). The question is …

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