Commercial Lines
Saudi Aramco Reportedly Pursuing Insurance Against War/Terror Attacks
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the ...
Wildfires Rage in Australia, Ravaging Sydney’s Air Quality
Sydney is world famous for its shimmering harbor and clear blue skies. Not this summer. As bushfires ravage the country's east coast, pollution is becoming a regular occurrence in Australia's biggest ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
How Broker Specialization Will Revolutionize Customer Experience
In today's landscape, forward-thinking agencies and brokers should avoid taking a one-size-fits-all approach by only targeting the general insurance market. The market is heading toward ...
AI, Machine Learning Increasingly Embraced by U.S. Carriers: LexisNexis
Artificial intelligence and machine learning are increasingly embraced by U.S. carriers as they seek to remain competitive and modernize their operations, a new LexisNexis Risk Solutions study has ...
Executives On The Move at Chubb and Berkshire Hathaway Specialty Insurance
Chubb's Bermuda operations hired a new Head of Excess Liability. Berkshire Hathaway Specialty Insurance fleshed out its global surety team with a new hire in Canada. *** Chubb Bermuda hired Michael ...
Octo Telematics Deepens Connected Car Focus With Nebula Systems Acquisition
Italy's Octo Telematics has acquired Nebula Systems, Ltd., a UK-based company that develops advanced cloud-based technologies for the automotive and connected car industries. The acquisition brings ...
Driverless Auto Development Spreads as Hyundai Commits Billions Toward Development
Hyundai Motor Co. will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric and autonomous vehicles. Announcing its strategic plan to ...
Insurance Tech Firm Applied Systems to Grab Indio Technologies for Undisclosed Price
Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio's digitized ...