News
European Researchers See AI as Building Better Weather Data
European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European ...
InsurTech Joshu Raises $3.7M for Commercial Insurance Digital Platform
The InsurTech Joshu raised $3.7 million in seed funding to advance its digital tools designed to help carriers and MGAs bring their commercial insurance business online. Blumberg Capital led the ...
South African Insurer Santam to Begin Processing 4,000 COVID Business Interruption Claims
South African insurer Santam Ltd said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond ...
Specialty E&S Insurer Upland Capital Makes Its Debut
Upland Capital Group has become the latest specialty insurance business in the marketplace. The Dallas-based operation plans to offer a diversified portfolio of excess and surplus lines casualty, ...
Tyson Foods Will Fork Over $221.5M for Chicken Price-Fixing Claims
Tyson Foods Inc said on Wednesday it will pay $221.5 million to settle litigation by three groups of plaintiffs that accused it of illegally conspiring to inflate chicken prices. The settlements with ...
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...
InsurTech in 2021: Embedding, ‘Digital Indigestion’ Recovery and More
Experts looking at the InsurTech sector for 2021 see both more of the same and new things ahead. Some predict more IPOs, M&A and partnerships. Others expect new InsurTech ideas to fully take ...
Executives On The Move at Lloyd’s, AIG and AGCS
Lloyd's of London hired an executive to fill its first-ever Chief of Markets position. AIG has a new head of Media & External Communications. Allianz Global Corporate & Specialty SE named a ...