Industry News
UPDATED: Hiscox Debuts New Coverages for Management Liability, Corporate Crime
Hiscox debuted new coverages in the U.S. designed to help companies manage liability and crime—a launch the international specialist insurer said is part of its executive liability insurance policy ...
For the 2018 Atlantic Hurricane Season, Modeling Catastrophes Differently Might Help
The 2018 Atlantic hurricane season is nearly upon us. It begins June 1 — less than one month away — with as many as 14 named storms predicted and a greater than normal chance a major system will ...
QBE Invests in a Third AI Startup, With Plans to Use the Tech Internally
QBE Insurance Group Ltd.'s venture capital arm is betting once again on artificial intelligence with its third investment in the space—this time with a startup focused on developing the technology ...
AIG CEO Duperreault Promises Year-End Underwriting Profit; Investors Not Convinced
American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince ...
Lockton Fined in NY Over NRA Insurance; Probe of Other Players Continues
Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The ...
Swiss Re Talks With SoftBank Over Possible Investment Stake Have Reportedly Stalled
Talks between billionaire Masayoshi Son's SoftBank Group Corp. and Swiss Re AG about buying a stake in the world's second-biggest reinsurer have come to a standstill, people familiar with the matter ...
The Latest Launches From RMS and Marsh/Validus Specialty
RMS unveiled a new catastrophe model designed to address earthquake and tsunami risks in Japan. Marsh and Validus Specialty launched a new insurance product designed to manage U.S.-based fintech ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...