News
Allianz Grabs Two U.K. Insurance Businesses for $1 Billion Price Tag
Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The ...
U.S. D&O Premiums Inch Higher in 2018: A.M. Best
Directors & officers insurance written premiums rose slightly in 2018 after four previous years of stable numbers, A.M. Best said in a new market segment report. The line produced nearly $6.6 ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
The Latest Launches From Duck Creek Technologies/Roost, International Marine Underwriters and At-Bay
Duck Creek Technologies will offer Roost's telematics technology to its claims management software users. International Marine Underwriters beefed up its ocean cargo policy with new coverages and a ...
Brexit Uncertainties Trigger Sharp Drop in European Business Confidence
Uncertainty over Britain's departure from the European Union has triggered a sharp drop in business confidence in Europe over the past six months, a survey showed on Thursday. Only 50% of European ...
A Record? 500 U.S. Tornadoes in 30 Days
The U.S. has been rocked by 500 tornadoes in the past 30 days with a trapped jet stream in the atmosphere "stuck in neutral," the U.S. Storm Prediction Center said. In the past seven decades, only ...
Oklahoma Halts Policy Cancellations During Tornado Outbreak
Oklahoma Insurance Commissioner Glen Mulready on May 24 directed insurance companies to keep coverage in effect for storm victims for the next 30 days. The bulletin was issued following severe ...
China Says Hiking U.S. Tariffs Hurts World Economy But Has ‘Very Limited’ Effect on China
The U.S. escalation of trade tensions won't solve any of its problems but will create volatility in global markets and hurt the world economy, according to China's top financial regulator. Higher ...
New York Reclaims Title as World’s Top Financial Center from London; Hong Kong Gaining
New York once again has bragging rights as the world's leading financial center, having reclaimed the title from London where Brexit continues to cast a shadow of uncertainty over the UK economy. ...