Commercial Lines
Executives On The Move at A.M. Best and Berkshire Hathaway Specialty Insurance
The head of A.M. Best Ratings Services is retiring, and his replacement will come from within the organization. A veteran QBE executive is joining Berkshire Hathaway Specialty Insurance in a ...
Smart Commercial Insurance: New Data Sources Fuel New Underwriting Era
The underwriting behind most commercial insurance is a marvel of steadfast, gradual iteration. It stretches back to the 14th century, after all. In my experience running a commercial insurance ...
InsurTech Utopia Driven by Data Sharing Impeded by Data Ownership Uncertainty
Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody's got ...
Report: China Hacked Eight Major Computer Services Firms to Steal Commercial Secrets
Hackers working for China's Ministry of State Security broke into networks of eight of the world's biggest technology service providers in an effort to steal commercial secrets from their clients, ...
Blistering Heatwave Forces Germany to Limit Autobahn Speeds, Confront Wildfire Risks
A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe's ...
InsurTech HomeZada Wins NAIC Startup Pitch Competition
A consumer home management software startup won the National Association of Insurance Commissioners' startup pitch competition. The winner is California-based HomeZada, an InsurTech whose consumer ...
The Latest Launches From AIR Worldwide, Ironshore and AXA XL
AIR Worldwide has expanded an inland flood model for Central Europe and updated part of its coastal flood model for Great Britain. An Ironshore division streamlined a policy offering so it can be ...
Chubb, Chaucer, Other Lloyd’s Underwriters Team to Develop Products for New and Emerging Risks
Lloyd's underwriters including Chubb, Chaucer, Beazley and Hiscox are teaming up on a new initiative designed to quicken insurance/reinsurance product development for new and emerging risks. Known as ...