Insurance Journal » Personal Lines http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 31 Aug 2015 19:11:19 +0000 en-US hourly 1 http://wordpress.org/?v=4.3 UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study http://www.insurancejournal.com/news/international/2015/08/05/377523.htm Wed, 05 Aug 2015 09:06:43 +0000 http://www.insurancejournal.com/?p=377523 Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55 billion [$7.09 billion] …

The article UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study appeared first on Insurance Journal.

]]>
How the Insurance Industry Is Using Google Glass http://www.insurancejournal.com/magazines/features/2015/07/20/375099.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375099 Improved customer service may be just one benefit insurers could see by using Google Glass in their operations. Michael Clifton, vice president of Insurance for Cognizant, described some of the benefits in the company’s white paper last year, “Google Glass: …

The article How the Insurance Industry Is Using Google Glass appeared first on Insurance Journal.

]]>
ACE to Acquire Chubb in $28.3 Billion Deal http://www.insurancejournal.com/magazines/features/2015/07/20/375090.htm Mon, 20 Jul 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=375090 In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The balance sheet’s size and strength will elevate the combined company into the elite group of global P/C insurers. As …

The article ACE to Acquire Chubb in $28.3 Billion Deal appeared first on Insurance Journal.

]]>
Cell Phone Notifications Drive More Distraction: Study http://www.insurancejournal.com/news/national/2015/07/10/374680.htm Fri, 10 Jul 2015 14:25:55 +0000 http://www.insurancejournal.com/?p=374680 Driver distraction could happen even when the driver isn’t using their cell phone. That’s according to a new study by Florida State University that found just receiving a notification on a cell phone can cause enough of a distraction to …

The article Cell Phone Notifications Drive More Distraction: Study appeared first on Insurance Journal.

]]>
Auto Makers Seek to Limit Data Sharing with Tech Partners http://www.insurancejournal.com/news/national/2015/07/10/374674.htm Fri, 10 Jul 2015 14:09:24 +0000 http://www.insurancejournal.com/?p=374674 Carmakers are limiting the data they share with technology partners Apple Inc and Google Inc through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do in their cars. Auto companies hope that …

The article Auto Makers Seek to Limit Data Sharing with Tech Partners appeared first on Insurance Journal.

]]>
SkiSafe Expands Sailboat Coverage to Live Aboard Vessels http://www.insurancejournal.com/news/national/2015/07/02/374042.htm Thu, 02 Jul 2015 16:54:17 +0000 http://www.insurancejournal.com/?p=374042 SkiSafe insurance has broadened its underwriting guidelines for its Sailboat Insurance program to provide coverage for sailboat risks with live aboard exposures.  In addition to the clientele of sailors already utilizing the SkiSafe program for protection against vessel damage, liability …

The article SkiSafe Expands Sailboat Coverage to Live Aboard Vessels appeared first on Insurance Journal.

]]>
Ironshore Launches Security Endorsement for High Net Worth Insureds http://www.insurancejournal.com/news/national/2015/06/26/373211.htm Fri, 26 Jun 2015 15:59:00 +0000 http://www.insurancejournal.com/?p=373211 Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families.  Designed to meet the needs of high …

The article Ironshore Launches Security Endorsement for High Net Worth Insureds appeared first on Insurance Journal.

]]>
Confie Acquires Colyer Insurance in San Antonio http://www.insurancejournal.com/news/southcentral/2015/06/02/370279.htm Tue, 02 Jun 2015 16:39:52 +0000 http://www.insurancejournal.com/?p=370279 National personal lines insurance specialist, Confie, has acquired Colyer Insurance Agency Inc. of San Antonio, Texas. Colyer Insurance has been part of the San Antonio community for over 35 years providing personal lines. Based in California, Confie has acquired and …

The article Confie Acquires Colyer Insurance in San Antonio appeared first on Insurance Journal.

]]>
5 Most Misunderstood Homeowners’ Coverage Concepts http://www.insurancejournal.com/blogs/academy-journal/2015/05/29/369344.htm Fri, 29 May 2015 10:00:44 +0000 http://www.insurancejournal.com/?p=369344 Many are unaware that the Academy of Insurance has four “skills tests” available. Of the four, the personal lines skills test has proven to be the most popular. Here is a link to all four tests. From the beginning we …

The article 5 Most Misunderstood Homeowners’ Coverage Concepts appeared first on Insurance Journal.

]]>
UK Regulator Asks Insurers to Provide Transparency on Coverage Costs http://www.insurancejournal.com/news/international/2015/05/11/367475.htm Mon, 11 May 2015 09:15:43 +0000 http://www.insurancejournal.com/?p=367475 The UK’s financial regulator said insurance companies are not always providing clear information to consumers about whether it is cheaper to pay for coverage upfront or in installments. The Financial Conduct Authority said the industry should take action when required …

The article UK Regulator Asks Insurers to Provide Transparency on Coverage Costs appeared first on Insurance Journal.

]]>
A.J. Gallagher Builds Retail Presence in Chile With Majority Stake in QRM http://www.insurancejournal.com/news/international/2015/05/07/367158.htm Thu, 07 May 2015 08:57:22 +0000 http://www.insurancejournal.com/?p=367158 Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has expanded its retail presence in Chile by purchasing a majority shareholding in independent broker Quality Risk Management Corredores de Seguros S.A. …

The article A.J. Gallagher Builds Retail Presence in Chile With Majority Stake in QRM appeared first on Insurance Journal.

]]>
Could New Insurance Players Disrupt the Market? http://www.insurancejournal.com/news/national/2015/04/28/365829.htm Tue, 28 Apr 2015 16:32:35 +0000 http://www.insurancejournal.com/?p=365829 Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem – complexities such as the long tail of liability …

The article Could New Insurance Players Disrupt the Market? appeared first on Insurance Journal.

]]>
BB&T-Oswald Trippe and Co. Hires DVIC Graduate for Miami Office http://www.insurancejournal.com/news/southeast/2015/04/13/364037.htm Mon, 13 Apr 2015 05:34:43 +0000 http://www.insurancejournal.com/?p=364037 Shawn Kay has joined the staff at BB&T-Oswald Trippe and Company as a customer service representative in the Miami office working with personal insurance clients. Kay joined BB&T-OTC after completing his training with Disabled Veterans Insurance Careers, a nonprofit organization …

The article BB&T-Oswald Trippe and Co. Hires DVIC Graduate for Miami Office appeared first on Insurance Journal.

]]>
U.K.’s Direct Line 2014 Profit Misses Estimates on Less Premiums Written http://www.insurancejournal.com/news/international/2015/03/03/359081.htm Tue, 03 Mar 2015 08:46:00 +0000 http://www.insurancejournal.com/?p=359081 Direct Line Insurance Group plc reported 2014 pretax profit that missed analyst estimates as the British home and car insurer wrote less premiums. Pretax profit for continuing operations rose 12 percent to 456.8 million pounds ($702.8 million) in the year to …

The article U.K.’s Direct Line 2014 Profit Misses Estimates on Less Premiums Written appeared first on Insurance Journal.

]]>
ACE Forms Travel Insurance Partnership with Transavia Airlines http://www.insurancejournal.com/news/international/2015/03/02/358954.htm Mon, 02 Mar 2015 10:02:56 +0000 http://www.insurancejournal.com/?p=358954 ACE Group has signed a partnership agreement with Transavia to provide the airline’s customers with travel and flight cancellation insurance cover. Transavia, based in The Netherlands, is a member of the Air France KLM Group, and provides scheduled and charter …

The article ACE Forms Travel Insurance Partnership with Transavia Airlines appeared first on Insurance Journal.

]]>
Western Security Surplus Enlists Tania V. Strickland to Head New San Antonio Office http://www.insurancejournal.com/services/newswire/2015/02/23/357328.htm Mon, 23 Feb 2015 11:00:27 +0000 http://www.insurancejournal.com/?p=357328 Plano, TX, February 23, 2015- Kyle Stevens, President/CEO of WSS announced that the company has hired Tania Strickland as a new Senior Broker and Regional Vice President. Strickland will be heading a new Central Texas office located in San Antonio, …

The article Western Security Surplus Enlists Tania V. Strickland to Head New San Antonio Office appeared first on Insurance Journal.

]]>
Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey http://www.insurancejournal.com/news/national/2014/11/05/346029.htm Wed, 05 Nov 2014 18:19:43 +0000 http://www.insurancejournal.com/?p=346029 The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was plus 3 percent for the month, according to MarketScout’s monthly analysis of market conditions. “As expected, the …

The article Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey appeared first on Insurance Journal.

]]>
Boats on Northern Indiana River Targeted by Theives http://www.insurancejournal.com/news/midwest/2014/10/29/345274.htm Wed, 29 Oct 2014 16:18:47 +0000 http://www.insurancejournal.com/?p=345274 Thieves are taking batteries and other items from boats docked along a northern Indiana river near South Bend, according to local authorities. St. Joseph County police have received more than a dozen theft reports over the past couple of weeks …

The article Boats on Northern Indiana River Targeted by Theives appeared first on Insurance Journal.

]]>
Atlantic Specialty Lines Hires Personal Lines Producer, Rob Hardway http://www.insurancejournal.com/services/newswire/2014/10/23/343475.htm Thu, 23 Oct 2014 10:00:02 +0000 http://www.insurancejournal.com/?p=343475 Austin, TX, October 23, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is continuing its growth in Texas by announcing the addition of Rob …

The article Atlantic Specialty Lines Hires Personal Lines Producer, Rob Hardway appeared first on Insurance Journal.

]]>
Wells Fargo, Telemundo Partner on Financial Literacy Campaign for Hispanics http://www.insurancejournal.com/news/west/2014/10/21/343725.htm Tue, 21 Oct 2014 12:08:19 +0000 http://www.insurancejournal.com/?p=343725 Wells Fargo of San Francisco has partnered with Miami-based media giant Telemundo for a six-week media campaign targeting financial literacy within the Hispanic community. Launched Oct. 13, “Conversemos de Tus Finanzas” is focused on empowering Hispanics to enhance their financial …

The article Wells Fargo, Telemundo Partner on Financial Literacy Campaign for Hispanics appeared first on Insurance Journal.

]]>
Large Agencies More Optimistic About Future Growth: Vertafore Study http://www.insurancejournal.com/news/national/2014/10/17/344021.htm Fri, 17 Oct 2014 17:09:41 +0000 http://www.insurancejournal.com/?p=344021 Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts, according to a new industry study. Some 70 percent …

The article Large Agencies More Optimistic About Future Growth: Vertafore Study appeared first on Insurance Journal.

]]>
Cunningham to Become CEO of IAT Reinsurance http://www.insurancejournal.com/news/international/2014/10/17/343923.htm Fri, 17 Oct 2014 10:34:38 +0000 http://www.insurancejournal.com/?p=343923 IAT Reinsurance Company Ltd., the privately owned Bermuda insurer, announced that Peter R. Kellogg is retiring as chief executive officer, a position he has held since the company’s founding in the early 1980s. William Cunningham will assume the role of …

The article Cunningham to Become CEO of IAT Reinsurance appeared first on Insurance Journal.

]]>
Atlantic Specialty Lines Hires 32-year Insurance Industry Veteran, Suzy Popplewell-Baird http://www.insurancejournal.com/services/newswire/2014/10/16/343436.htm Thu, 16 Oct 2014 10:00:18 +0000 http://www.insurancejournal.com/?p=343436 Houston, TX, October 16, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is announcing a major addition to their Houston office. Looking to solidify …

The article Atlantic Specialty Lines Hires 32-year Insurance Industry Veteran, Suzy Popplewell-Baird appeared first on Insurance Journal.

]]>
Arc Legal Questions CMA Finding on Motor Policy Add-Ons http://www.insurancejournal.com/news/international/2014/09/29/341812.htm Mon, 29 Sep 2014 09:52:37 +0000 http://www.insurancejournal.com/?p=341812 Arc Legal Assistance has questioned whether the publication of claims ratios at the point of sale would provide an accurate measure of the benefits and value of a motor legal expenses insurance policy. Arc Legal, a London-based provider of legal …

The article Arc Legal Questions CMA Finding on Motor Policy Add-Ons appeared first on Insurance Journal.

]]>
Direct Line Sells Overseas Businesses to Mapfre http://www.insurancejournal.com/news/international/2014/09/25/341566.htm Thu, 25 Sep 2014 09:11:39 +0000 http://www.insurancejournal.com/?p=341566 Direct Line Insurance Group Plc sold its German and Italian businesses to Spain’s Mapfre SA for €550 million ($700 million) as the company pares back its international operations to cut costs and pay a dividend. The U.K.’s biggest home and auto insurer expects …

The article Direct Line Sells Overseas Businesses to Mapfre appeared first on Insurance Journal.

]]>
Fireman’s Fund Enhances Prestige Home Premier Product http://www.insurancejournal.com/news/national/2014/09/16/340529.htm Tue, 16 Sep 2014 10:00:37 +0000 http://www.insurancejournal.com/?p=340529 Fireman’s Fund has unveiled new coverages and enhancements to its Prestige Home Premier product, now available in six states and filing nationwide through 2016. Homeowners in Arizona, Colorado, Connecticut, Illinois, Missouri, and Oregon are now eligible for the new product, …

The article Fireman’s Fund Enhances Prestige Home Premier Product appeared first on Insurance Journal.

]]>
Lighthouse Insurance Expands Homeowners Program to North Carolina http://www.insurancejournal.com/news/southeast/2014/09/09/340011.htm Tue, 09 Sep 2014 15:56:06 +0000 http://www.insurancejournal.com/?p=340011 Beginning in November 2014, Lighthouse Property Insurance Corp. will offer homeowners insurance and flood insurance throughout North Carolina. While Lighthouse will debut in the state with only homeowners and flood, it expects to introduce a dwelling fire product in 2015. …

The article Lighthouse Insurance Expands Homeowners Program to North Carolina appeared first on Insurance Journal.

]]>
EFG Companies Launch Extended Vehicle Warranty Product http://www.insurancejournal.com/news/national/2014/08/27/338763.htm Wed, 27 Aug 2014 16:56:23 +0000 http://www.insurancejournal.com/?p=338763 EFG Companies has launched a vehicle service contract (VSC) called Simplicity Vehicle Protection that gives agents and brokers the ability to sell an extended warranty to clients after the purchase of the vehicle. With Simplicity Vehicle Protection, agents and managing …

The article EFG Companies Launch Extended Vehicle Warranty Product appeared first on Insurance Journal.

]]>
EPIC Launches Education Protector for Student Athletes http://www.insurancejournal.com/news/national/2014/08/26/338631.htm Tue, 26 Aug 2014 16:59:44 +0000 http://www.insurancejournal.com/?p=338631 Silicon Valley-based EPIC Insurance Brokers has launched a new policy designed to protect high school athletes who have received a verbal offer for an athletic scholarship or grant from an NCAA Division I or Division II sports program. Education Protector …

The article EPIC Launches Education Protector for Student Athletes appeared first on Insurance Journal.

]]>
Boston Is Tops When It Comes to Risky Drivers: Study http://www.insurancejournal.com/news/national/2014/08/26/338568.htm Tue, 26 Aug 2014 15:24:07 +0000 http://www.insurancejournal.com/?p=338568 Drivers in Boston and Worcester, Massachusetts, are the most accident-prone in the U.S., landing at the bottom of an annual ranking of the nation’s 200 biggest urban areas by Allstate Corp. Worcester’s drivers have a collision every 4.3 years on …

The article Boston Is Tops When It Comes to Risky Drivers: Study appeared first on Insurance Journal.

]]>