Industry News
Insurers Face Business Interruption Claims After Global Tech Outage
Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by ...
KCC: Frequent SCS Activity Emphasizes Need for Latest Modeling Tech
Despite only one landfalling hurricane, 2023 wasn't a good year for property/casualty insurers, and severe convective storms (SCS) are being blamed for the bad results, according to Karen Clark & ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
Tech Bytes: New Partnerships at bolt, Cytora, Equisoft
Stellantis Financial Services US, a captive automotive finance company of Stellantis in North America, announced a new partnership with InsurTech bolt to support customers of Chrysler, Dodge, Jeep , ...
The World’s Power Grids Are Failing as the Planet Warms
Under the blazing Adriatic sun, life almost stopped in Montenegro's capital Podgorica earlier this summer. Cars and buses were stuck in gridlock as traffic lights went out, the internet crashed, and ...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re
Hard market conditions in the global non-life insurance sector will continue this year but will begin to ease in 2025, as general inflation and claims inflation conditions soften, according to Swiss ...
Condo Insurance Premium Hike Hot Button Issue in Some Legislative Races
Jillian Anderson planned to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives. Then came the letter from her condo association announcing ...
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal ...
Tech Bytes: New Partnerships at Counterpart, Send, FRISS
Counterpart, an AI-driven management and professional liability InsurTech, has announced a new partnership with Westfield Specialty Insurance, to provide an admitted product for Counterpart's small ...