News
Different Works: RLI Posts Sub-80 First-Quarter Combined Ratio—Again
As property/casualty insurers preannounce catastrophe loss estimates that will dent first-quarter 2023 bottom lines almost daily, RLI Corp. reported a 68 property combined ratio with a 50 percent ...
INSHUR Acquires American Business Insurance Services, Secures $26M in Funding
INSHUR, a global on-demand insurance provider, has made a strategic acquisition of American Business Insurance Services in order to expand and scale its operations across the U.S. The company also ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
Allstate Estimates $1.7B of Q1 Cat Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March. Losses in March were ...
How AI Chatbots Can Expose Corporate Secrets
Companies using generative artificial intelligence tools like ChatGPT could be putting confidential customer information and trade secrets at risk, according to a report from Team8, an Israel-based ...
Betterview Launches AI Roof Technology to Enhance U/W Decisions
California-based insurtech and property intelligence company, Betterview, announced new technology that uses artificial intelligence (AI) and computer vision to analyze high resolution aerial imagery ...
Desjardins Avidly Searching for P/C Acquisitions
Canada's Desjardins Group is seeking acquisitions in the property and casualty (P&C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters this week. ...
When Managers Try to Be Therapists, Worker Mental Health Suffers
Layoffs, return-to-office battles and concerns over artificial intelligence replacing jobs have elevated employee stress levels, exposing a troubling workplace deficiency: Very few managers know how ...
At-Bay Specialty Gets A- Rating From AM Best; CFO Hired
Industry rating agency AM Best has assigned At-Bay Specialty Insurance Company a financial strength rating of A- (Excellent). At-Bay Specialty Insurance Company is a Delaware-domiciled excess and ...