Industry News
Allstate to Assist in Drone Development for Catastrophe Claim Work
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it will help research and develop uses for unmanned aerial vehicles to review damages after disasters. Allstate joined a ...
ACE Division Rolls Out Vacant Building and Land Insurance Products
With more than 10 million commercial and residential properties unoccupied in the United States, exposing owners to a host of potential exposures, ACE Commercial Risk Services has launched Vacant ...
Businesses Already Using, Testing Autonomous Vehicles
While private passenger autonomous vehicles are still being tested by Google and other car manufacturers and state legislators mull rules governing driverless vehicles on roadways, their commercial ...
Want to Play Rating Agency? There’s an App for That
Rating agency Standard & Poor's announced Wednesday that it is introducing an Insurance Credit Scenario Builder, a new credit tool available on the S&P Ratings iPad App and on the web. ...
2014 May Be Warmest Year on Record: WMO
Record-high ocean temperatures will make 2014 the hottest year on record—or at least among the very warmest—in evidence of a long-term trend of global warming, the U.N.'s weather agency said on ...
Willis Re Unveils Japan Tsunami Model in an Industry Milestone
Willis Re has come up with a Japan tsunami model, something it asserts is a first-time milestone for an extreme weather event whose resulting losses have been hard for the industry to understand. In ...
Insurance Software Maker Ebix Adds Barrington-Backed Board Members
Ebix Inc., a software supplier to the insurance industry, agreed to add two new members to its board of directors after reaching an agreement with activist investor Barington Capital Group LP. Ebix ...
Hartford Unit Accused of Using Altered Hurricane Sandy Report
A Hartford Financial Services Group Inc. insurance unit denied a Hurricane Sandy damage claim based on an engineering report that was altered without approval, a lawyer for policyholders told a New ...