Industry News
Zurich Makes £7.7 Billion Bid for UK Cyber Insurer Beazley
Zurich Insurance Group AG has made an offer to buy Beazley Plc, valuing the UK-listed cyber insurer at about £7.67 billion ($10.3 billion). The Swiss insurer offered to buy London-based Beazley at ...
10,000 Travelers Employees Get AI Assistants via Anthropic Partnership
Nearly 10,000 engineers, data scientists, analysts and product owners at Travelers are being empowered with personalized AI assistants, Travelers announced in mid-January. In a joint announcement ...
Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates
Two independent claims adjusters in the Southeast have teamed up to create what they say is a quick, low-cost way for property owners to double-check insurance carriers' damage estimates on claims. ...
Consumer Acceptance of Telematics Widens, Says Survey
Consumer acceptance of telematics technology in auto insurance is growing, creating opportunity for insurers who can cater to tech-driven drivers who crave personalized pricing and service. Today, ...
UK Actuaries Sound Alarm on Loss Models Downplaying Climate Risk
The finance industry is relying on climate models that understate the speed at which temperatures are rising, according to a fresh study by Britain's main association of actuaries. The Institute and ...
Execs, Risk Experts on Edge: Geopolitical Risks Top ‘Turbulent’ Outlook
Global business leaders and risk experts see more turbulent near- and long-term risk horizons, with geopolitical risks now topping weather and technological risks as immediate risks, according to the ...
Two Big California Homeowners Insurers to Raise Rates by 6.9%
Two large California home insurers will be raising rates for by an average of 6.9% this year, filings with the California Department of Insurance show. CSAA will begin rate increases for nearly ...
Sexual Assault Charges Dropped Against Former AIG Exec McElroy
Authorities in Vermont have dropped sexual assault charges against David McElroy, a former executive at American International Group (AIG). According to a document filed in Vermont Superior Court in ...