Industry News
The Latest Launches From Corvus, INSUREtrust, In The Car
Corvus Insurance, a cyber underwriter powered by an AI-driven cyber risk platform, announced new AI and natural language processing driven features to increase the degree of automation of routine ...
New NOAA Hurricane Model Launched
A new hurricane model released last month by NOAA's National Hurricane Center, a division of the National Weather Service, has proved better at predicting rapid intensification. The Hurricane ...
Bain Capital Raises $1.15B for First Insurance Investment Fund
Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior ...
Utility Investors Wary of Exposures After Buffett’s PacifiCorp Held Liable for Wildfires
Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting ...
Workers Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best
Workers compensation insurers' underwriting results continued to outpace the rest of the U.S. property/casualty commercial sector in 2022, as they benefited from the long-term decline in workplace ...
Claims InsurTech Tractable AI Raises $65M in Funding Led by SoftBank
Tractable, the London-based InsurTech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund ...
Tailored Products, Personalized Services, Affordability Desired by Policyholders: Survey
Policyholders today are zeroing in on an insurer's reputation, premium affordability, and personalized services and products when shopping for insurance coverage, according to results of a new ...
Business Leaders Appear Less Concerned by Cyber Risk: Report
The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on cyber risk appears to be diminishing, according to a Beazley risk and reliance ...