Industry News
Federal Terrorism Insurance Backstop Prompted by 9/11 Still Waits for Reauthorization
Prior to September 2001, terrorism was covered by a standard commercial insurance policy. Either as a direct mention in the policy wording or by its omission, it was covered. But the attacks on 9/11 ...
Tech Bytes: Agero Partners With MOTER Technologies
Agero, through its Urgently acquisition, announced a partnership with MOTER Technologies Inc., an InsurTech that transforms connected vehicle data into real-time risk and claims insights. Together, ...
Insurity Announces Ratio Content and Rating Engine
Insurity, a provider of software and analytics for the property/casualty insurance industry, announced Ratio Content and Rating Engine, an API-first regulatory content and externalized rating engine ...
Markel Chairman to Retire; Gayner Moves Into Role
Markel Group Inc. announced that Steve Markel, chairman of the board of directors, will be retiring after more than 50 years with the company. He said he will retire as chairman and will not seek ...
Farmers Prepares Customers for Costlier, Longer Repairs Due to High-Tech Cars
High-tech cars of today will likely take longer and be more expensive to repair, according to a recently released customer education campaign by Farmers Insurance. The advanced technology built into ...
Lloyd’s Reports Improved Combined Ratio on H1 Underwriting Profit of £1.9B
Lloyd's of London reported an improved first-half combined ratio of 90.8, (H1 2025: 92.5), which drove an underwriting profit of £1.9 billion ($2.6 billion), compared with £1.5 billion ($2.0 ...
The Latest Launches from ZestyAI, Verisk
DUAL North America, Kingstone Companies and Windward Risk Managers have launched new California homeowners programs with ZestyAI partnerships. The three companies are using ZestyAI's wildfire risk ...
Guy Carpenter Rebranded as Marsh Re
Guy Carpenter, the reinsurance arm of Marsh, has been rebranded Marsh Re -- retiring a name that has been in the insurance and reinsurance market for more than 100 years. "A new name for an expanded ...