Industry News
Liberty Mutual Announces Leadership Restructuring for CRS and LMI
Liberty Mutual announced a new leadership structure across the company's Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses late last week, appointing Vlad Barbalat president ...
NAIC Issues Nationwide Data Call to Homeowners Insurers
The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understanding of the U.S. homeowners insurance markets. The data, intended ...
Allstate Joins Mobile Insurance App Leader GEICO; Top Carriers Expand Telematics Services: Keynova
Keynova Group, a competitive intelligence firm that benchmarks consumer financial services, including insurance, announced that Allstate now ties with GEICO for the distinction of having the top ...
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force
Farmers Insurance has announced a plan to grow its agency force over the next year, and expects to appoint nearly 1,700 new agency owners—one of the largest single-year expansions in Farmers' ...
Hacked Hospitals, Hidden Spyware: Iran Conflict Shows Digital Fight in Warfare
As they fled an Iranian missile strike, some Israelis with Android phones received a text offering a link to real-time information about bomb shelters. But instead of a helpful app, the link ...
China’s Top Private Insurer Taps AI to Unlock $174 Billion Value
Five years ago, almost no accident and health insurance claims at Ping An Insurance Group ran without humans. Today, nearly 60% are automated, with some settled in just 51 seconds. The leap shows ...
U.S. Treasury to Consult With Insurance Regulators on Private Credit Lenders
The U.S. Treasury Department is expected to convene in the coming weeks the first of a series of meetings with domestic and international insurance regulators about recent developments in jittery ...
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War
Israel and US strikes have wiped out senior Iranian leaders and hit key targets across the country. But after a month of fighting, it is arguably Iran that has secured the most significant strategic ...