News
Berkshire Plans First In-Person Annual Meeting Since COVID Began
Warren Buffett's Berkshire Hathaway Inc. plans this year to let shareholders attend the company's annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the ...
Home-Based Businesses Thriving, But Many Lack Insurance: Study
There's been a surge in new home-based businesses during the pandemic, but many aren't covered by insurance, according to a new study by AXIS Insurance, the specialty insurance business segment of ...
Tech Bytes: New Partnerships at Duck Creek, InShare, Parametrix
Duck Creek Technologies, a global technology services provider for the property/casualty insurance industry, entered a strategic partnership with Hi Marley, a communications platform for carriers and ...Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Ill. Allstate confirmed it purchased the property at 29 N. ...
Secondary Perils Are Increasing Share of U.S. Catastrophe Losses
Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of ...
Sayata Brings Total to $52M With Latest Raise in Funding Round
Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The InsurTech previously raised $17 million five months ago, resulting in a total A round of ...
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)
When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is that repairs on vehicles with expensive advanced driver-assistance systems ...