Markets
Market Trend: Millennials Buy More Flood Insurance Than Their Older Counterparts
Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new ...
Departing Aviva CFO Is Second Exec to Leave in Two Months
Aviva's chief financial officer Tom Stoddard will step down at the end of the month, the British insurer said on Wednesday, the second senior executive to leave following the appointment of Maurice ...
Pie Insurance Expands Small Biz WC Cover Into 5 New States
Pie Insurance disclosed it has gained regulatory approval to sell workers compensation insurance in a number of new states: Delaware, Indiana, Nevada, South Carolina and Virginia. Small business ...
Carriers, Lacking Resourcefulness, Increasingly Seek InsurTech Partnerships to Boost Digital Capacity
Carries seeking to boost their digital capacity for customer services will increasingly seek InsurTech partnerships to get the job done, predicts J.D. Power's 2019 Insurance Digital Experience study. ...
Large Shipping Losses Declined Rapidly in 2018, Reaching Record Low Levels
Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE's (AGCS) Safety & ...
JP Morgan Agrees to Record Settlement in Suit Alleging Bias Against Dads
JPMorgan Chase & Co. has agreed to pay $5 million to resolve a discrimination claim filed by a male employee who alleged the bank's parental leave policy was biased against dads. The payout ...
Even With $1 Trillion in Climate Risks, Companies See Greater Benefits
An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose, mostly within the next five years. Some $2.1 trillion worth of ...
New Products: Analyzing IoT data and Auto-Declining Submissions
Octo Telematics and analytics firm SAS will partner to boost property/casualty insurer use of Internet of Thing-related technology. Chisel recently unveiled a product designed to help commercial ...