U.S.
A Primer on WC Provider Omaha National and Its InsurTech Connections
Regional workers comp provider Omaha National is also an InsurTech of sorts. The startup, launched two years ago, relies on proprietary InsurTech software to function, combined with hands-on ...
Regional Coverage Program Rushes $11 Million Payout to the Bahamas
The Bahamas will receive $11 million in post-disaster insurance from a novel 12-year-old regional coverage program. CCRIF, once short for the Caribbean Catastrophe Risk Insurance Facility, was ...
Insurance Linked Securities Hold Their Own in the Face of Cat Bond Losses: Aon Securities
Insurance linked securities are holding their own even as they have been slammed with robust catastrophe bond losses, a new Aon report has found, predicting that the sector will resume growth in ...
Hurricane Dorian Insured Caribbean Losses Could Reach $3B: AIR Worldwide
Hurricane Dorian's impact on the Caribbean will cause $1.5 billion to $3 billion in insured losses, according to an estimate from Verisk-owned catastrophe modeling firm AIR Worldwide. Modeled loss ...
Couple Sues Walmart Over El Paso Shooting, Alleging Poor Security
A couple wounded in the Aug. 3 mass shooting at a Walmart in El Paso, Texas, has sued the retailer, claiming the store lacked proper security, in what their lawyers called the first lawsuit over the ...
AIG Will Finalize Transition to Affirmative Cyber Coverage in January 2020
American International Group said it is finalizing a transition to affirmative cyber coverage across its global commercial lines. As of January 2020, AIG said that virtually all of its commercial ...
Executives On The Move at Metromile and Marsh
Metromile hired a veteran venture capitalist as its chief marketing officer. Marsh made a few senior leadership appointments within its Property and Financial and Professional Liability Practices.
Caribbean Island Nations Pool Disaster Risk to Pay for Megastorms
Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the ...
Prudential Will Pay $2.35B for Online Insurance Startup Assurance IQ
U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies ...