commercial insurance News
Hackers Attack Norwegian Shipbuilder
A group of hackers executed a successful attack this week on shipbuilder Fincantieri SpA's Norwegian unit, an Italy-based representative for the company said, confirming local reports. Servers at the ...
DataCubes Becomes Convr, and Its CEO Explains Why
DataCubes has changed its name. Moving ahead, it will now be known as Convr (pronounced "con-ver.") The Illinois-based InsurTech startup launched in 2016 with an AI-focused platform designed to help ...
U.S. Issues Advisory to Help Ship Owners, Insurers Avoid Sanctions Penalties
The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official ...
Commercial Insurance Rates Climb 14 Percent in Q1: Marsh
Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its ...
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...
Updated Small Business COVID-19 Loss Estimates Dwarf Insurance Premiums
Small businesses are confronting astoundingly large losses relating to the coronavirus pandemic that dwarf commercial property premiums in unprecedented ways, according to an updated estimate from ...
Workplaces Try Avoiding COVID-19 Liabilities With AI Cameras to Track Social Distancing
Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines ...
Credit Karma to Be Acquired by Intuit for $7.1B
Intuit, the maker of TurboTax, QuickBooks and Mint, has agreed to acquire Credit Karma, the consumer technology platform, for approximately $7.1 billion in cash and stock. The combination brings ...