Underwriting
Russia Banks, Money Transfer Firms Sued Over Downed Malaysian Airlines Plane
The family of an American killed when a Malaysian Airlines plane was shot down over Ukraine in 2014 filed a lawsuit on Thursday against U.S.-based money transfer companies and two Russian banks they ...
New Slice Labs Unit Relies on AI, Machine Learning to Help Clients Fine-Tune Their Operations
Slice Labs Inc., known for its on-demand insurance cloud platform, recently launched a new business unit. The division, named Slice Mind, centers around an "insight engine that helps companies with ...
3 Ways InsurTech Software Convergence Can Boost Customer Service and Business Growth
There's been a huge surge in software development aimed at improving efficiency across the insurance value chain. In fact, InsurTech is now a half-billion-dollar industry, expected to top $1.1 ...
Massive Amounts of Facebook User Data Found Posted on Amazon Cloud Servers
Facebook Inc. user data is still showing up in places it shouldn't. Researchers at UpGuard, a cybersecurity firm, found troves of user information hiding in plain sight, inadvertently posted publicly ...
Brexit Continues Pushing UK Financial Jobs Out of the Country: Think Tank
Financial firms in Britain continue to shift business to new European Union hubs and won't stop unless Brexit is canceled, a think tank told British lawmakers on Wednesday. William Wright, head of ...
American Family Insurance Will Pay $1 Billion for Ameriprise Auto & Home
Ameriprise Financial is selling its Ameriprise Auto & Home (AAH) division to a subsidiary of Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family Insurance), the ...
Nationwide Adds More Eligible Small Business Types to Commercial Insurance Platform
Nationwide said it has expanded 24-hour access to more types of small businesses for its Commercial Digital Direct online commercial insurance platform. Now, 30 different business types can access ...
April Renewals Achieve Rate Hike Range From Flat to 25 Percent: Willis Re
While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a "rational" rating approach, asking for price increases of up to 25 percent, ...