Underwriting
QBE Joins $30M Financing Round for Machine Learning Startup HyperScience
HyperScience, a startup using machine learning to automate office work-related data entry and more, attracted $30 million in Series B financing from investors including Australian insurer QBE. New ...
U.S. P/C Insurers Produced $4.7B Net Underwriting Gain Through Q3 2018
The U.S. property/casualty insurance private market produced a $4.7 billion net underwriting profit over the first nine months of 2018, according to a new report from ISO/Verisk and the American ...
Pentagon Warns Climate Change Poses Dire Risks to Bases and Troops
The U.S. Defense Department has issued a dire report on how climate change could affect the nation's armed forces and security, warning that rising seas could inundate coastal bases and ...
Cash-Starved California Utility Won’t Commit to Paying 2015 Fire Victim Settlements
PG&E Corp. is so cash-starved that it won't commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a ...
Better Answers or Fewer Questions; Two Sides to the Commercial Underwriting Improvement Coin
Commercial property/casualty insurance underwriting today is a complicated, often messy process. Many times the agent sends new business applications, loss runs and other documents (together known as ...
Failure to Reduce Climate Change Is Among Top Global Risks: WEF
The risk that global efforts to tackle climate change will fail has risen despite concerns about powerful storms, floods, and droughts, a survey released by the World Economic Forum said on ...
Companies Fear Business Interruption and Cyber Attacks the Most: Allianz Risk Ranking
Business interruption and cyber incidents remain the top two business risks, but other challenges such as tariffs and Brexit are gaining ground, according to the 2019 Allianz Risk Barometer. ...
May’s UK Brexit Divorce Deal Fails by 230 Votes, No Confidence Vote to Follow
British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a ...