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11, 2015
U.K.’s Allianz Insurance Appoints Watts as Head of Casualty Claims
Allianz Insurance, the U.K. subsidiary of Allianz SE, has appointed Lee Watts as head of casualty claims. Watts will be responsible for leading the development and implementation of technical claims strategy and best practice across all casualty and disease claims, …
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11, 2015
UK Chief Regulator Appeals to Insurers as She Fights to Keep Top Job
UK Financial Conduct Authority acting chief Tracey McDermott appealed to insurers to get behind the regulator, setting out her plans for the industry as she fights to keep the top job. “While our roles are different, and while a degree …
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11, 2015
Toyota $1B Research Labs Near Stanford, MIT to Develop Autonomous Vehicles
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities. Toyota Research Institute Inc. will pitch in …
4
11, 2015
Allstate Profit Down in Q3 as Auto Claims Rise
Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile insurance business. Net income decreased to $650 million, or $1.54 a share, from …
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11, 2015
VW Engineers Admit Rigging CO2 Emissions over Job Fears: Report
Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data because goals set by former Chief Executive Martin Winterkorn were difficult to achieve, reported Bild am Sonntag, the Berlin-based newspaper. The paper said VW engineers tampered with tire pressure and mixed diesel …
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11, 2015
Best Agency to Work For – Midwest: The Starr Group
GREENFIELD, WISCONSIN The Starr Group Best Agency to Work For – Midwest The Starr Group: A Healthy, Ethical Workplace Insurance Journal‘s 2015 Best Agency to Work For, Gold Winner – Midwest Region – The Starr Group in Greenfield, Wis. – …
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11, 2015
Best Agency to Work For – South Central: DFB Insurance Group
PAMPA, TEXAS DFB Insurance Group Best Agency to Work For – South Central Making Money, Valuing Family, Having Fun With roots stretching back to 1925, DFB Insurance Group now is one of the largest independent insurance agencies in Texas, …
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11, 2015
ACORD Names 2 Insurance Innovation Challenge Winners: Livegenic, Insurity
A technology that gives claimants more control of the claims process and another that makes data conversion easier for insurers have been named winners of the 2015 ACORD Insurance Innovation Challenge. ACORD, the insurance industry’s global data standards and services …
9
11, 2015
London’s Development of Islamic Products Enhances Position as Insurance Hub
Islamic financial activity in London is developing a growing maturity, the chief executive of the International Underwriting Association (IUA), stated. Dave Matcham pointed to the growth of commercial sharia compliant products as an important example of the innovation required by …
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11, 2015
Canada’s Economical Insurance Moves Closer to Becoming Public Company
Economical Insurance, one of Canada’s largest property and casualty insurers, moved closer to becoming a public company after its board voted to demutualize. The 10-member board of directors recommended it convert to a shareholder-owned company from one owned by its policy …