Industry News
AIG Will Finalize Transition to Affirmative Cyber Coverage in January 2020
American International Group said it is finalizing a transition to affirmative cyber coverage across its global commercial lines. As of January 2020, AIG said that virtually all of its commercial ...
Executives On The Move at Metromile and Marsh
Metromile hired a veteran venture capitalist as its chief marketing officer. Marsh made a few senior leadership appointments within its Property and Financial and Professional Liability ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
Caribbean Island Nations Pool Disaster Risk to Pay for Megastorms
Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the ...
Tesla Using Similar Variables as Traditional Auto Insurers to Price—For Now
Tesla's use of individual customer data, such as vehicle camera footage and GPS, to price its new insurance products will depend on drivers' authorization and individual U.S. state laws, a senior ...
Prudential Will Pay $2.35B for Online Insurance Startup Assurance IQ
U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies ...
Root and Lemonade: Real Unicorns or Ponies in Halloween Costumes?
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2019. In ancient times, it is believed that civilizations including the Romans, Indians and Egyptians had some form of "group protection" ...
How Quickly Do Properties Recover From Hurricanes?
Hurricane Irma struck the Florida coast on the afternoon of Sunday, Sept. 10, 2017. It moved north through much of the state, unleashing 140-plus mph gusts across the Florida Keys, Lee and Collier ...
InsurTech Zeguro Launches Small Business Cyber Risk Management Platform
Zeguro said it has formally launched its platform designed to help small and midsize companies quickly deal with cyber threats in multiple ways. The San Francisco-based startup, which describes ...