Leslie Scism

The car insurer has been talking to state regulators about helping to lead an industrywide effort to transition from sizing up risk in applicants with factors including credit scores to largely using telematics to determine rates.

The financial firm and its fund unit say they won’t comment further on Ramon de Oliveira’s resignation. Equitable replaces him with director Joan Lamm-Tennant.

Michael McRaith says he would be involved in all aspects of the growth in the U.S. and internationally.

The upstart plans to track driving behaviors to tailor individual rates as it moves into one of the most competitive parts of the insurance industry.

Craig DeSanto will succeed the insurer’s longtime chief executive, Ted Mathas.

Life insurers have benefited from increased holdings of real estate, below-investment-grade bonds, mortgage loans, private equity, hedge funds, limited partnerships and privately placed debt.

Money managers including BlackRock, AllianceBernstein and State Street Global Advisors are moving to meet demand for guaranteed lifetime income.

A partnership between the insurers will reward safe drivers with potentially cheaper life insurance.

Many insurers are raising premiums by 6% to 8% while some are asking for double-digit increases, as inflation boosts the prices of car repairs, replacements and rentals.

Death-benefit claims not tied directly to Covid-19 rose last year, and insurance executives think the deferral of medical treatment during the pandemic was a contributing factor.