News
Verisk: Q1 Cat Bond Issuance Climbed to $1.5B
Catastrophe bond issuance crossed the crucial billion-dollar threshold for the second year in a row in Q1, and cat bond lite momentum also continued its upward trend, according to a new report from ...
Allstate Tries to Educate Drivers With Reality Rides Simulator
In an effort to combat distracted driving, Allstate is launching a national tour this month with its Reality Rides simulator. In its third year, the campaign builds awareness about the dangers of ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
AIG Plans to Go Global With Commercial Drone Underwriting Strategy
Now there are three. American International Group disclosed it is the latest insurer to win Federal Aviation Administration approval to operate commercial drones, following similar actions with USAA ...
How Wearable Devices Are Disrupting the Insurance Industry
Nearly 50 years after Captain Kirk began using his wrist communicator on the television show "Star Trek," wearable technology is taking hold. From Fitbit to Google Glass, the technology is ...
U.K.-Based Insurers Face Risks If Nation Exits European Union: A.M. Best
Insurers based in the United Kingdom underwriting a material amount of European business should be monitoring the potential consequences of the United Kingdom exiting or renegotiating its position ...
OneBeacon Said to Explore Sale, Drawing Interest From Fosun
OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to people with knowledge of the matter. OneBeacon has drawn ...
Willis Snatches Up Mexican Rival With Eye On Emerging Market Growth
Willis Group said it is acquiring a broker based in Mexico to boost its growth potential in a key emerging market. The global insurance and reinsurance broker said it is snatching up Carsa ...
Will Virtual Reality Take Social Networking to a New Level? Facebook Says Yes
Virtual reality, artificial intelligence and drones will enable Facebook Inc. to create a more lifelike and useful social network, the company said in its clearest explanation so far for technology ...