Markets
IVANS Buys Ask Kodiak to Accelerate Commercial Lines Digital Distribution Efforts
Applied Systems' IVANS division has acquired Ask Kodiak, a Massachusetts-based InsurTech that provides commercial lines market appetite and search capabilities for the independent agency channel. ...
CNA, Software Maker Overhaul Team on Beefed Up Motor Carrier Coverage
CNA is collaborating with software maker Overhaul to beef up offerings for motor carriers. Specifically, CNA will use Overhaul's new risk management app TruckShield for its motor carrier coverage. ...
China’s Unpredictable Regulatory Measures Make Investors Wary
The unpredictability of China's regulatory measures make the country unappealing to foreign investors in the short-term, following its latest crackdowns on the technology, property and education ...
Progressive Insurance Dinged by Q2 Rise in Auto Claims, Low Premiums
Progressive Corp. reported a 56 percent decrease in net income to $790.1 million for the second quarter. Net income was down 9 percent for the first six months. The company said the largest ...
U.S. Senate Bill Would Sanction Countries That Harbor Cyber Criminals
Two senior U.S. senators planned legislation on Thursday that would fight ransomware attacks on U.S. infrastructure by sanctioning countries the harbor cyber criminals, as well as by strengthening ...
Brookfield Asset Management’s Reinsurance Unit Will Acquire American National for $5.1B
Brookfield Asset Management Inc's reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. Started in 1905 by ...
GEICO Drags Down Berkshire Hathaway’s Q2 Insurance Earnings
Berkshire Hathaway's insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate's GEICO unit dragged down ...
AIG CEO Zaffino Acknowledges Reduction of Cyber Insurance Limits as Coverage Costs Climb
American International Group Inc is tightening terms of its cyber insurance, noting that its own premium prices are up nearly 40% globally, with the largest increase in North America, the U.S. ...