Underwriting
AI Adoption High But Staffing an Obstacle for Carriers
Sixty-two percent of carrier professionals recently surveyed said their companies have already adopted artificial intelligence and machine learning initiatives, but a high percentage of those ...
USAA Wins Against Wells Fargo in Mobile Deposit Tech Patent Verdict
Wells Fargo & Co. was told to pay $102.8 million after a federal jury in Texas said it infringed United Services Automobile Association's patents for a mobile deposit system. It's the second ...
Zurich Insurance Sees Best Chance for Price Increases in Nearly 20 Years
Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help ...
Australia Bushfires Have Scorched 25.5 Million Acres; PM Proposes Inquiry
After weeks of criticism over the handling of the bushfires scorching Australia, Prime Minister Scott Morrison said on Sunday he will propose a national review into the response to the disaster, as ...
Insurers, Analysts Worry Australia’s Bushfires Could Surpass 2009’s Costly Season
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
Dismissal of Lawsuits Over Missing Malaysia Air Flight Upheld on Appeal
A U.S. appeals court on Friday upheld a lower court decision to dismiss nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims' families sought to hold the ...
Trump Approves Emergency Declaration for Puerto Rico After Quake
President Donald Trump approved an emergency declaration for Puerto Rico on Tuesday, according to a person familiar with the matter, after a deadly earthquake struck the commonwealth that was already ...
Beazley and RenaissanceRe Debut Cyber Catastrophe Cover Backed by Capital Markets
Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind ...