Markets
Insurers Pursuing IT Transformations Must Up Their Recruiting Game
Insurance industry demand for talent in areas such as big data will likely "exceed available supply by a factor of four," according to a new blog posting from McKinsey & Company. That reality ...
NAMIC CEO Chamness Sounds Off on Flood Insurance and Disaster Relief Reform
Reform of the National Flood Insurance Program remains an unresolved issue. Congress must reauthorize the debt-ridden Federal Emergency Management Agency-managed program by March 23. It already has ...
Nor’easter’s Impact Diminishes, Thousands of Homes, Businesses Still Lack Power
The impact of a powerful nor'easter diminished on Saturday after the storm caused chaos along the U.S. East Coast, halting trains and forcing airports to ground flights as high winds and heavy rain ...
Generali Reportedly Evaluating Bids for German Life Biz
Athene Holding Ltd. and Viridium Group GmbH submitted binding bids for Assicurazioni Generali SpA's 40 billion-euro ($49 billion) German life insurance portfolio, according to people with knowledge ...
Equifax Breach Could Be Most Expensive Corporate Hacking Ever
Equifax Inc said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most ...
AIG Will Sell Travel Insurance to Expedia’s Customers
Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company's global customers. ...
Shah Departs as RMS CEO; Silicon Valley Vet White Replaces Him
Hemant Shah is out as CEO of catastrophe modeler RMS, and veteran Silicon Valley technology executive Karen White has been appointed to replace him. It is unclear if Shah, who is also an RMS ...
Pie Insurance Rolls Out First Online Workers Comp Policies in 4 States
Pie Insurance said it is ready to start selling its first workers compensation policies, and the InsurTech startup expects to be operating in 15-20 states by the end of 2018. Policies are slated to ...