Industry News
CFA’s Hunter Reacts in Actuarial Battle: Allstate’s Plan Is Price Optimization
Carrier Management recently published an article in three parts by James Lynch, chief actuary and vice president of Research and Information Services at the Insurance Information Institute, based ...
The Latest Launches From USAA, QBE North America, XL Catlin and The Hanover
USAA has added new features to its digital wallet app. QBE has partnered with SUA Agency to offer professional liability coverage to mortgage specialists. XL Catlin has enhanced its D&O offering ...
Sompo Canopius Makes Management Changes as Group CEO Davies Steps Down
Sompo Canopius AG announced that Stuart Davies is stepping down from his role as group CEO and all other related responsibilities, effective immediately. Davies joined Sompo Canopius in 2015 with a ...
IoT May Be Factor in Soaring Cyber Attacks on Chinese Firms
Cyber attacks on Chinese companies have soared in the past two years, according to a survey, with new technologies that connect household items to the internet and allow them to receive and send data ...
Allstate Will Pay $1.4B for SquareTrade, a Seller of Mobile Device/Appliance Warranties
The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America's major retailers. Allstate said it will ...
U.S. P/C Insurance Industry Net Asbestos Losses Reach $100B Mark and Rising
Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They're now at $100 billion, and that's $15 billion higher than the previous estimate. according to a new ...
InsurTech Startups Attract Growing List of Traditional Insurer Partners
Listening to Andrew Rear talk about insurers, you wouldn't think he works for one that's been around for 136 years. The 46-year-old head of Munich Re's Digital Partners unit has said the industry is ...
Verisk Acquires Data/Analytics Firm MarketStance for Undisclosed Price
Verisk Analytics disclosed it has snatched up MarketStance, a well-regarded firm that provides property/casualty insurance companies, brokers and agents market intelligence data and analytics. ...