News
Digital Appeal Waning; Insurance Claimants Heading Back to Humans
Policyholders are starting to pull back from digital channels as the COVID-19 pandemic eases and revert to in-person ways to file insurance claims, a senior executive at Zurich Insurance Group told ...
Insurers Pull Back on Cyber Cover as Ransomware Losses Mount
LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. ...
From Fire to Floods, Climate Change Challenges Canada’s Fragile Supply Chain
The massive rains that unleashed floods and mudslides in the Canadian province of British Columbia exposed the country's supply chain vulnerability as crucial railways and roads were severed from the ...
Risk Management Implications of the Infrastructure Bill
The U.S. Senate has passed a $1.2 trillion bill known as the Infrastructure Investment and Jobs Act. The bill is now in the hands of the House of Representatives, where its fate is intertwined with ...
Hosta.ai Raised $11.5M from USAA, Others to Further AI-Driven Property Assessment Tech
Hosta.ai, an artificial intelligence property assessment technology startup, has raised $11.5 million in new venture capital from a group of investors including USAA and The Cincinnati Insurance ...
Executives On The Move at Hiscox and Hourly
Specialist insurer Hiscox appointed a veteran Hartford executive as its new Chief Financial Officer in the U.S. Hourly, an InsurTech startup and insurance intermediary with a workers comp technology ...
Former Lloyd’s CEO Beale Joins Willis Towers Watson Board as Part of Activist-Spurred Revamp
Willis Towers Watson PLC , which has been under pressure from activist investor Elliott Management, appointed four new directors on Thursday as it looks to turn around its business following a ...
Veteran USAA Exec Burgess Joining Lemonade as New Chief Claims Officer
Digital insurer Lemonade has hired a former USAA executive to be its new chief claims officer. Sean Burgess was previously chief claims officer at USAA, and worked more than 25 years at the company, ...