Industry News
Shareholder Meetings More Receptive These Days to Climate Change Agenda
Climate activists found companies more receptive to steps like cutting emissions or buying clean power this year, a new tally of shareholder resolutions shows, a trend proponents said undercuts the ...
California Creates $21B Fund for Utilities to Cover Future Fire Liabilities
For a leader with grand ambitions of tackling big issues from health care to taking on President Donald Trump, California Governor Gavin Newsom has spent much of his first six months in office bogged ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
The Latest Launches From Roost, SkyWatch A.I. and Getsafe
Roost is partnering with a Florida insurer in a move that could help expand usage of its home telematics insurance products. SkyWatch.AI, an on-demand telematics-based insurance platform for ...
European Storms Took Economic, Insurance Toll in June: Aon
Severe European storms during June had an economic price tag of $2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon's monthly Global Catastrophe ...
Consolidation of Third-Party Administrators Continues With Sedgwick’s Purchase of York
Sedgwick announced Monday that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which ...
Swiss Re, Citing Weak Demand, Suspends IPO of ReAssure Unit
Swiss Re AG said it suspended the initial public offering of ReAssure Group Plc, as a plan that would have put a value of as much as $4.1 billion on the U.K. unit fizzled due to weak investor demand. ...
Hippo Partners With American Family AI Spinout Arturo to Boost Digital Underwriting Processes
Hippo Insurance hopes to boost its digital underwriting and customer service processes through a new partnership with Arturo, a deep-learning property analytics company spun out from American Family ...
Kemper Signs Marketing Agreement With Hagerty for Classic Collectors Vehicle Biz
Kemper Corp. said it will move its Classic Collectors auto business to Hagerty, a Michigan agency specializing in the coverage. The change is happening by way of a marketing agreement, where ...