Industry News
Other Major U.S. Bridge Collapses Caused by Ships and Barges
A container ship struck a major bridge in Baltimore early Tuesday [March 26], causing it to plunge into the river below. From 1960 to 2015, there were 35 major bridge collapses worldwide due to ship ...
Fidelis Partnership Gets ‘In Principle’ Approval From Lloyd’s to Launch Syndicate
The Fidelis Partnership, the Bermuda-based managing general underwriter, announced that Lloyd's has granted "in principle" approval for the launch of Syndicate 3123 in collaboration with Fidelis ...
U.S. Home Insurance Premiums May Hit a Record This Year, Report Warns
U.S. home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average ...
AM Best Downgrades State Farm General Ratings
Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those ...
Tech Bytes: New Partnerships at bolt, Resilience, UVeye
InsurTech bolt announced a partnership with WorldTrips, a full-service company providing travel insurance plans and assistance services to individuals, families, corporations, and service groups ...
AI Gun Detection InsurTech ZeroEyes Selected for Lloyd’s Lab
ZeroEyes, the creators of an artificial intelligence-based gun detection video analytics platform, announced that it has been selected for the Lloyd's Lab Accelerator program. The company was ...
Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Insurance payouts for Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd's of London Chief Executive Officer John ...
Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Insurance payouts for Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd's of London Chief Executive Officer John ...