Underwriting
Two Oil Tankers Damaged in Suspected Attack Near Persian Gulf
Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears that high-stakes diplomatic efforts won't avert a military confrontation between ...
World’s Biggest Beer Brewer Opens Israeli Cybersecurity Unit to Help Counter Attacks
Anheuser-Busch InBev (AB InBev), the world's largest beer maker, said on Thursday it was opening a cybersecurity unit in Israel to help protect itself from a growing number of attacks. Israel is a ...
China’s Anbang Insurance to Start Selling Waldorf Astoria Luxury Condos
China's Anbang Insurance Group Co. is scouring the globe for condo buyers looking for a little -- or a lot -- of Park Avenue glamour. Four years after buying the famed Waldorf Astoria for a record ...
Two European AI Specialists Partner to Offer Claims, Fraud Detection Services
FRISS' digitization of unstructured documents helps in the risk assessment of policy documents and claims statements, while data extracted by omni:us can be used for fraud detection in claims and ...
Lemonade’s European Expansion Begins in Germany
Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability ...
For Legacy Carriers, It’s About Technology With a ‘Human Touch’
The digital transformation of the insurance industry isn't just for InsurTech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows ...
Ironshore’s IronPro Introduces Two-Term Policy Endorsement for Small Businesses
IronPro, the professional liability unit of Ironshore, has introduced a two-term policy endorsement for its miscellaneous professional liability (MPL) product for small business accounts. The MPL ...
California Wildfire Risks Rise as Heat Climbs and Power Surges Proliferate
An unrelenting heat already frying California is threatening to send temperatures to record levels across the western U.S. this week, raising the risk of wildfires and propelling electricity prices ...