Industry News
Executives On The Move at Erie Insurance, GEICO and Grange Insurance
Erie Insurance named five of its IT leaders to new executive roles. GEIO promoted two rising executives. Grange Insurance appointed a Visa executive to its board of directors. *** Erie Insurance ...
The Latest Launches From Next Insurance and QBE North America
Startup Next Insurance is now marketing digital insurance policies for personal trainers through two sports and fitness associations. Specialist insurer QBE North America added data breach planning ...
Brexit Talks at Risk as May Rejects EU Draft Divorce Deal
The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the ...
Cyber Insurance Startup Coalition Raises $10M
San Francisco-based insurance startup Coalition has raised $10 million in new financing. The company, which launched in late 2017, sells cyber insurance and offers cybersecurity tools to small and ...
Buyers Aren’t Happy With Their Cyber Insurance: J.D. Power
On any given day, it is hard not to read an article or report on some type of cyber topic. Cyber insurance is one of the key concerns within the insurance industry today and possibly one of the most ...
Liberty Mutual’s 2017 Net Income Is Nearly $1B Lower Than the Year Before
Liberty Mutual eked out $17 million in net income for 2017, after making more than $1 billion the year before. Record catastrophes, adverse development in its commercial automobile business and a ...
Commercial Insurance Prices Nudged Higher in Q4: Marsh
The historic cluster of natural catastrophes that struck in late 2017 helped nudge average global commercial insurance pricing higher during the fourth quarter—the first increase since early 2013, ...
Turn Commercial Drones Into Targeted Weapons? AI Could Help Hackers Do That
Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial ...