Nearmap Launches AI-Powered Portfolio Product
Nearmap, a location intelligence provider to insurers, has announced the launch of a pre-built AI-powered tool that allows insurance carriers to analyze risk at the ...
News
AM Best: US P/C Industry in 2024 Posts First Underwriting Profit in Four Years
For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best today in a "First Look" at US P/C financial results said the industry ...
Vehicle Thefts Down 17% in 2024: NICB
The number of stolen vehicles has dropped to pre-pandemic levels in 2024, according to the National Insurance Crime Bureau's latest report. Nationwide, thefts decreased 17 percent from 2023 to 2024, ...
California Man Awarded $50M in Starbucks Hot Tea Lawsuit
A delivery driver has won $50 million in a lawsuit after being seriously burned when a Starbucks drink spilled in his lap at a California drive-through, court records show. A Los Angeles County jury ...
Wilson Promoted to CEO of Markel Insurance; Vice Chair Markel to Retire
Markel Group said early Monday that Simon Wilson is the new chief executive officer of Markel Insurance. Markel Insurance includes the company's primary underwriting businesses of Markel Specialty, ...
Aon’s President Andersen Steps Down; CEO Case Assumes Additional Role of President
Insurance broker Aon plc announced that Eric Andersen has transitioned from his role as president to serve as a senior adviser to Greg Case, CEO of Aon, through June 2026. The role of president now ...
Chubb Combines Lower Middle Market and Digital Small Business Units
Global insurer Chubb announced the creation of a new division within its North America Middle Market organization, combining its Lower Middle Market and Digital Small Business divisions into a single ...
Verisk: Catastrophe Claims in Q4 Double on Late Hurricane Activity
A significant rise in claims from hurricanes rather than winter storms was to blame for a 36 percent increase in total fourth-quarter 2024 claims. A new report from Verisk Analytics found catastrophe ...
Florida Luxury Rental Car Theft Ring Busted
Several arrests were announced in conjunction with an auto theft ring responsible for stealing more than 80 cars, according to a joint announcement last week by the the Florida Department of Law ...