News
American Express Boosts Next Insurance’s Series A Round to $35M
Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. ...
FBI: Cybercrime Losses Reached $1.33B in 2016, a 24 Percent Rise
Losses from cyber crimes rose 24 percent in 2016 to over $1.33 billion, according to a report by the Federal Bureau of Investigation's Internet Crime Complaint Center (IC3). The center, which was set ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Buffett’s Berkshire Hathaway Invests in Embattled Canadian Lender Home Capital
Warren Buffett's Berkshire Hathaway Inc. is providing a lifeline to Home Capital Group Inc., the embattled Canadian alternative lender whose near collapse sparked intense scrutiny of the country's ...
Aging Millennials More Emotionally Connected to Their Insurers Than Gen X, Boomer Counterparts
Millennials are aging, and that may be good news for property/casualty insurers. Here's why: Millennials appear to have a stronger affinity for insurance companies than their Gen X or baby boomer ...
Heat Wave Prevents Dozens of Planes From Flying in Phoenix
Summer heat can make even the hardiest people wilt and collapse into a pool of sweat. The same is true for the Bombardier Inc. family of regional jets—it can become too hot to fly them when the ...
It Can Take a Movement to Transform Company Culture
Property/casualty insurers often talk about the need to transform their companies into a culture unafraid to embrace change that's also able to develop new ideas beneficial for their peers and ...
QBE Cautions Emerging Markets’ Division Hammered by Higher Claims
Sydney-based QBE warns that its Emerging Markets' division has experienced an unexpected surge in claims from January through May due to multiple factors. As a result, this division is expected to ...
Executives On The Move at XL Catlin and JLT Specialty USA
XL Catlin brought on two new executives from Chubb and CNA to help support continued expansion of its inland marine field operations. JLT Specialty USA made a number of key appointments and ...