News
American Financial Group Acquires InsurTech Verikai in $120M Deal
American Financial Group (AFG) acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk, effective December ...
How Zurich Commercial Uses Underwriting Discipline to Find Profit in Any Market
Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
InsurTech Accelerant Raises More Than $190M in Latest Funding Round
InsurTech Accelerant raised more than $190 million at a $2 billion pre-money valuation in its latest funding round. The round was led by Eldridge, with participation from Deer Park, Marshall Wace, ...
Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims
A Miami judge's certification of a lawsuit against Florida's largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane ...
Be Literal With Chatbots. Figurative Language Confuses Them
Computer scientists recently examined the performance of dialog systems, such as personal assistants and chatbots designed to interact with humans. The team found that when these systems are ...
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while ...
Biden Administration Unveils ‘Wildfire Crisis Strategy’ for Western States
The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. ...
Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws
A group of the world's biggest insurers and reinsurers that jointly pledged to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their ...