News
Willis Plans Support for Inclusion@Lloyd’s Diversity Festival
Willis Group Holdings has announced its support for a new London market collaboration to host a diversity and inclusion festival. The Inclusion@Lloyd's "Dive In" festival is a joint initiative ...
Fitch: China Insurers Will Face Bulk of Insured Losses From Explosion
China's homegrown insurers will likely face the bulk of the financial losses from massive explosions at a chemical storage site in Tianjin earlier this month. What's more, the claims could hurt, ...
IRS Taxpayer-Data Theft Much Worse Than Previously Thought
The U.S. Internal Revenue Service (IRS) said Monday a hacking attack into one of its computer databases revealed in May was much more extensive than previously thought, with nearly three times as ...
U.S. Crop-Insurance Claims Soar After Adverse Weather Curtails Planting
Insurance claims filed by U.S. farmers for crops they couldn't plant have jumped 48 percent this year, government data show, the latest indication of how adverse weather is curbing production of corn ...
Novarica: ‘Agile’ Methodology Is Transforming Insurance Industry IT Development
In the last seven years, the use of agile methodology across the insurance industry has gone from zero to 90 percent. The agile model, a newer software development approach, involves more ...
Allianz Sees Limited Losses From China Explosion; Other Insurers Still Assessing
Allianz SE, Europe's biggest insurance company, said it doesn't expect "major" financial losses from explosions at a chemical storage site in China, as the death toll from the disaster increased. ...
Claims Process Will Gain From Drones, AI and the IoT: Strategy Meets Action
Drones, artificial intelligence (AI) and the Internet of Things (IoT) are considered the top three technologies that will impact claims, according to a new report by Boston-based insurance research ...
European Captive Insurers Using Solvency II Regs to Improve Themselves: A.M. Best
When Solvency II capital standards first became known, owners of captive insurers viewed the new regulations as burdensome and costly. But European captives and their owners view requirements as an ...