Markets
Allstate CEO Wilson Warns AI Will Slam Economy With ‘Tsunami’-Like Force
Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. "It's going to rip through this economy like a tsunami," Wilson said ...
P/C Insurers Struggle to Match the Digital Customer Service Wizardry of Others: J.D. Power
Property/casualty insurers have a long way to go toward meeting customer expectations about their digital interactions, the new J.D. Power 2018 Insurance Digital Experience Study found. J.D. Power ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
Executives On The Move at AXIS Capital Holdings and Validus
AXIS Capital Holdings Ltd. appointed a former Ally Bank president to its board of directors. Validus Specialty appointed a former XL Catlin executive in a leadership role focused on Western World and ...
Citigroup’s Mexico Division Will Distribute Chubb Insurance, Surety Products
Chubb and Citigroup have sealed a distribution agreement involving the sale of insurance products in Mexico. The arrangement takes place through local divisions of each company: Citigroup's ...
The Latest Launches From Allstate and Sompo International
Allstate said it has started marketing a pay-per-mile auto insurance product for New Jersey drivers. Sompo International Holdings released a new group of weather-driven risk management products for ...
Equifax Reaches Data Breach Settlement in Several States; Fines Avoided
Equifax Inc on Wednesday avoided fines in a deal with eight states' banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting ...
$500M Verdict Against Facebook in Trade Secret Suit Sliced in Half
A federal court in Dallas on Wednesday halved the $500 million verdict that a jury ordered Facebook Inc , its virtual reality unit Oculus, and others to pay ZeniMax Media Inc, a video game publisher ...
Executives On The Move at Chubb, Liberty Mutual and Alliant
Chubb named two executive appointments within its North America Agriculture business. Liberty Mutual appointed two executives to key positions. Alliant appointed a new vice president within its ...