Personal Lines News

‘Smart City’ Pilot Project to Test Tools Aimed at Reducing Accidents

The U.S. Transportation Department and NXP Semiconductors NV are joining forces in a pilot project to use communication technology to reduce congestion and speed traffic, they said on Friday. The department said in December that it would award up to …

Travelers to Offer Homeowners Insurance Discount for Smart Home Devices

The Travelers Companies, Inc. will now provide a discount on homeowners insurance for eligible customers with qualifying smart home devices. Smart smoke detectors and security systems that alert homeowners through their smartphones may qualify for the Protective Device discount from …

J.M. Wilson Adds Benda, Mandwee

Property/casualty insurance wholesaler J.M. Wilson has hired Adam Benda as claims representative and personal lines underwriter. The company also Adam Mandwee as assistant fleet underwriter in its Portage, Mich. office. Prior to joining J.M. Wilson, Benda worked as an underwriting and …

The Main Street America Group Launches Personal Auto Program in South Carolina

The Main Street America Group has introduced Main Street Protection Auto, its new private passenger auto insurance program for the preferred/standard marketplace in South Carolina via its statewide network of independent insurance agents. Product highlights include 20 different types of …

ACE Names Personal Lines Leadership Team for Overseas General Insurance

ACE Ltd. has appointed the future personal lines leadership team for the new Chubb Group’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of …

UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study

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] …

ACE to Acquire Chubb in $28.3 Billion Deal

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 …

How the Insurance Industry Is Using Google Glass

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: …

Cell Phone Notifications Drive More Distraction: Study

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 …

Auto Makers Seek to Limit Data Sharing with Tech Partners

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 …