Industry News
Stories+Words+Machines: A Nerd’s Formula for Building an InsurTech
There probably aren't too many people who think about insurance claims scenarios when they go out to buy ice cream. Chris Cheatham, the CEO of InsurTech Risk Genius, is one of them, according to a ...
Executives On The Move at Willis Towers Watson and Lloyd’s
Willis Towers Watson appointed a new senior director within its Insurance Consulting and Technology business. Lloyd's of London created a new position – head U.S. head of Claims – stemming from ...
Hippo Completes Acquisition of Spinnaker Insurance
Hippo, an InsurTech and managing general agent focused on home insurance, has completed its acquisition of Spinnaker Insurance Company, with an expansion into additional states next on its plate. The ...
Traditional Reinsurers Perform Better Than Total Return Reinsurers: AM Best
Although total return reinsurers, which like to take more risk on the investment side of their balance sheets than other reinsurers, have the potential to generate significantly higher investment ...
Price Casualty Like a Short-Tail Line: Swiss Re Exec
With low investment yields becoming a fact of life of insurers and reinsurers, breakeven combined ratios for casualty business won't cut it anymore, a reinsurance executive said recently. Jonathan ...
Tesla Factory Struck by ‘Serious’ Cyber Attack
Elon Musk said on Thursday that Tesla Inc's factory in Nevada was a target of a "serious" cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal ...
Insurers Plan to Hire But Recruitment Struggles Remain
Most U.S. insurers want to fill existing positions or expand their staffs over the next year even though they are still having trouble recruiting. Interestingly, that trouble has persisted even ...
Hurricane Laura Wind/Storm Surge Insured Losses Could Reach $12B: CoreLogic
Hurricane Laura wind and storm surge-related damages caused between $8 billion and $12 billion in insured losses, according to a new data analysis from CoreLogic. Specifically, the estimate covers ...