News
WTW Unveils Machine-Led Solution to Enhance Insurance Reserving
Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in ...
Hippo Sells Majority Stake in First Connect Insurance to Centana Growth Partners
InsurTech Hippo said it has sold a majority stake in First Connect Insurance Services, a digital platform for independent agents. The buyer is private equity fund Centana Growth Partners, who with ...
Danone Wins Dismissal of Evian Microplastics Lawsuit
The maker of Evian spring water, Danone, won the dismissal of a lawsuit on Tuesday accusing it of defrauding consumers with labels that claim the water is "natural" even though it contains ...
Hannover Re’s Henchoz to Step Down as CEO, Succeeded by CFO Jungsthöfel
Hannover Re announced that Chief Executive Officer Jean-Jacques Henchoz (60) is stepping down and will be replaced by the current chief financial officer, Clemens Jungsthöfel (54). Henchoz has ...
Hurricanes Linked to Higher Death Rates Years After Occurrence
New research from Stanford University shows that hurricanes and tropical storms in the United States cause a surge of deaths for nearly 15 years after a storm hits. Researchers estimate an average ...
Wildfire Near Los Angeles Burns Dozens of Homes
Over 10,000 people were ordered to evacuate from a wildfire northwest of Los Angeles as fierce seasonal winds blew flames into ranches and neighborhoods, destroying dozens of homes, authorities said ...
High Inflation Grips Service Industries Even as Overall Rate Slows
While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. That has put a strain on consumers eating out, servicing their cars and paying ...
Liberty Mutual Quadruples Q3 Net Income Despite Catastrophe Losses
Liberty Mutual Holding Company said consolidated third quarter net income more than quadrupled to $897 million compared to $215 million during the same period a year ago. Catastrophe losses remained ...