Commercial Lines
North Carolina Suit Could Signal Change in COVID Claims Disputes
Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favor of the policyholders, especially in federal court. More than 90 percent of motions to ...
Usage-Based MGA VOOM, Commercial Auto MGA Cover Whale Raise New VC
VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA ...
Who Will Be Sued? Praedicat Scores Ease Underwriting for Emerging Risks
Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. ...
Coalition Acquires Attune, an MGA/Broker Platform Founded by AIG, Two Sigma
Coalition, a San Francisco-based cyber insurer and security company, has snatched up Attune, a carrier-founded managing general agent with a broker platform focused on commercial insurance. With the ...
Carrier Competition Heats Up Over Better Agent Digital Experiences
Agent digital experiences are moving to the forefront of property/casualty insurance carrier tech strategies, according to a survey report published by Celent late last week. Just having a web portal ...
Year-End 2020 Loss Reserve Redundancy for Workers Comp Hits $14B: NCCI
Workers compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to climb, according to a report released last Wednesday by the ...
1 in 4 Large Firms Has Vaccine Mandate for Employees, With More Coming: Gartner
One in four companies has instituted a vaccine mandate for U.S. workers, a sharp increase from last month, following President Joe Biden's directive ordering large employers to require shots or ...
Verisk Using AI To Analyze Yelp Small Biz Ratings
Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on ...