News
Nationwide Switching to Full Independent Agency Distribution Model by 2020
Independent agents take note—Nationwide may be on your side. Nationwide on Monday announced its intention to shift to an independent agency distribution model over the next two years. The Columbus, ...
NOAA Retiring Hurricane Names Harvey, Irma, Maria and Nate
The names of four deadly hurricanes that slammed parts of the United States, Central America and the Caribbean last year are being retired. The National Oceanic and Atmospheric Administration ...
Kespry Promises Drone-Powered Roof Inspections in One Hour for Insurance Adjusters
Kespry, a drone-based aerial intelligence solution provider, announced new capabilities for accelerating the assessment of roof hail and wind damage for residential, multifamily and commercial ...
InsurTech Carrier CEO Explains Poor 2017 Results; Fields Questions on Reddit
The chief executive officer of an InsurTech insurance company responded to recent reports about his company's unfavorable 2017 loss ratio result on a social news platform last Friday. "We want to ...
Calif. Workers Comp Premium Down in 2017; First Drop in Seven Years
Written premium in California workers compensation fell slightly last year—the first time that's happened in seven years, according to a new report. The Workers Compensation Insurance Rating Bureau ...
Octo Telematics’ Execs to Buy Russian Shareholder Stake, Paving Way for IPO
Italy's Octo Telematics announced last week that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo's shares from Russian company Renova Holdings. This ...
Marsh Simplifying Certificates of Insurance Process on Blockchain
Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance. By using blockchain, or distributed ledger technology, ...
Tesla Draws Negative Response for Blaming Autopilot Death on Driver
Consumer-safety advocates and autonomous-vehicle experts criticized Tesla Inc. for issuing another statement about the death of a customer that pinned the blame on driver inattentiveness last week. ...