Industry News
AmTrust Transferring Republic Personal Lines Business to Liberty Mutual
AmTrust Financial Services said it will transfer to Liberty Mutual renewal rights in six states for its Republic Personal Lines business. The deal involves Liberty's Safeco Insurance unit, and it ...
Coronavirus Business Lawsuits Are Coming
The coronavirus has upended markets, disrupted supply chains and forced quarantines. It's all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face ...
Aviva Posts Record Profit, Though CEO Tulloch Warns of Coronavirus Uncertainty
Aviva shares jumped on Thursday as the life and general insurer posted a record profit in its first year under chief executive Maurice Tulloch, although he said coronavirus added uncertainty to the ...
USAA Vet Joins InsurTech Tractable in Leadership Role
A veteran USAA executive is taking on a leadership role at Tractable, an InsurTech developing artificial intelligence for accident and disaster recovery. James Spears joined the New York-based ...
Tokio Marine HCC to Acquire MGA GCube, Eyeing More Renewable Energy Risks
Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory ...
The Latest Launches From Verisk and Beyontec
Verisk is expanding its OneXperience InsurTech property inspection product into commercial insurance. Beyontec has updated one of its signature software products designed to help MGAs transition ...
Insurers Worry Canada’s Climate Change Flood Mapping Work Will Take Too Long
Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first ...
Insurance Conferences Go on Despite Coronavirus, but No Handshakes (or Buffets) Allowed
As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at ...