Markets
Hosta.ai Raised $11.5M from USAA, Others to Further AI-Driven Property Assessment Tech
Hosta.ai, an artificial intelligence property assessment technology startup, has raised $11.5 million in new venture capital from a group of investors including USAA and The Cincinnati Insurance ...
Executives On The Move at Hiscox and Hourly
Specialist insurer Hiscox appointed a veteran Hartford executive as its new Chief Financial Officer in the U.S. Hourly, an InsurTech startup and insurance intermediary with a workers comp technology ...
Former Lloyd’s CEO Beale Joins Willis Towers Watson Board as Part of Activist-Spurred Revamp
Willis Towers Watson PLC , which has been under pressure from activist investor Elliott Management, appointed four new directors on Thursday as it looks to turn around its business following a ...
Veteran USAA Exec Burgess Joining Lemonade as New Chief Claims Officer
Digital insurer Lemonade has hired a former USAA executive to be its new chief claims officer. Sean Burgess was previously chief claims officer at USAA, and worked more than 25 years at the company, ...
P/C Carriers’ Increased Reliance on Reinsurance Means Premium Hikes are Coming
American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those ...
Will Forever Chemicals, PFAS, Lead to Never-Ending Lawsuits?
Claims and regulatory actions involving per- and poly-fluoroalkyl substances (PFAS) are continuing to evolve at a rapid pace across the country. From the ongoing multi-district litigation in the ...
State Farm, Generali Join $53M VC Round for Nexar, an AI Computer Vision Startup
State Farm and Generali joied the $53 million financing round for Nexar, an AI computer vision startup based in New York. The technology startup provides crowd-sourced visual data that is ...
Cyber Rate Hikes Could Climb 150% in 2022, but Other Lines Will Stabilize: Willis Towers Watson
North American commercial insurance prices should soften gradually in the coming months, bringing a slowdown in many premium rate hikes and more stability in 2022, Willis Towers Watson said in a new ...