News
Dollars and Sense: Risk-Based Pricing Helps Insurers Find Opportunities
Today, many insurers believe there is no bad risk—it just needs to be priced properly. As the market trends toward more analytic- and data-driven decisions, insurers are continually exploring ways ...
State Farm Gets FAA Clearance for Drone Takeoff
Bloomington, Ill.-based State Farm announced yesterday that it is the first insurer in the United States to receive FAA permission to test Unmanned Aircraft Systems (UAS) for commercial use. ...
Blackstone Buying Chicago Willis Tower for $1.3B
Blackstone Group LP agreed to buy Chicago's Willis Tower, the second-tallest building in the U.S., with plans to upgrade the retail and observatory space in a bet on growth in the city. The price was ...
Cyclone Pam Highlights Need for Insurance Fund in Climate Talks
Pacific Islands devastated by Cyclone Pam at the weekend will be using the disaster to drive home the need for a globally funded insurance pool to aid in the recovery from such events when they ...
JLT Re Expands Regional Practice with Robertson as SVP
JLT Re (North America) announced the appointment of Matthew Robertson as Senior Vice President and part of the regional team led by John DeMartini. DeMartini, executive vice president, JLT Re (North ...
Commercial Lines Insurance Pricing Grew Modestly in Q4: Towers Watson
A moderation of commercial lines insurance pricing that began in early 2013 continued close to two years later, Towers Watson determined in its latest survey of the sector. Specifically, prices grew ...
Guy Carpenter Rolls Out Casualty Cat Model
Guy Carpenter has launched a new data-driven casualty catastrophe model, GC ForCas, developed to help insurers better understand their exposure to casualty catastrophe losses resulting from the ...
Uber Sued Over Driver Data Breach
Uber Technologies Inc. has been hit with a proposed class action lawsuit over a recently disclosed data breach involving the personal information of about 50,000 drivers, the latest in a series of ...