Commercial Lines
Tokio Marine, a Metromile Investor, Licenses Its AI Claims Platform Tech
Tokio Marine Holdings, the Japanese insurance giant, is the first carrier to license Metromile's artificial intelligence-driven automated claims processing platform. The deal, announced Aug. 7, comes ...
Historic California Wildfires at Serious Risk of Spreading Further
Dry, hot and windy conditions are threatening to expand California's largest wildfires, which so far are burning in largely rural areas. The fires, which have killed 12 people and burned an area ...
Chipmaker for iPhones Briefly Shut Several Plants After WannaCry Variant Attack
Taiwan Semiconductor Manufacturing Co. blamed a variant of the 2017 WannaCry ransomware for the unprecedented shutdown of several plants, as it ramps up chipmaking for Apple Inc.'s next iPhones. Full ...
Brexit Negotiations at Delicate Stage for the UK’s Financial Services Industry
Britain must avoid tying Brussels up in red tape or antagonizing its soon to be former European Union partners and the United States if it is to maintain access to the bloc's financial services ...
Veteran Travelers CFO Benet Will Depart Role, but Remain as Vice Chairman
Travelers Companies, Inc. said its long-time chief financial officer is stepping down. Jay Benet plans to leave his role as CFO as of Sept. 1, a position he has held since 2002. At the same time, ...
U.S. Workers Comp’s Stellar Run Extended Into 2017. Can It Continue?
After three banner years, the U.S. workers compensation market will facing increasing pricing pressure and an erosion in results heading into next year. That means 2019 will be closer to a break-even ...
Executives On The Move At AIG and Argo Group
AIG brought in a veteran insurance industry financial executive to be its new chief accounting officer. Argo Group appointed a retired Allied World executive to its board of directors. *** American ...
Once Again, Dust From Africa Helps Tamp Down Atlantic Hurricane Risks
Atlantic storm watchers are going to have a hard time seeing the ocean, never mind any tropical systems, as another Saharan swirl of dust from Africa is moving west. The dust, a marker for dry air, ...