Verisk News
PCS Extends Catastrophe Methodology to More Asia/Pacific Countries
Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan, to cover more territories in the region. ...
Verisk Must Pay $125M to EagleView in Patent Infringement Verdict
A New Jersey recently ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The ...
The Latest Launches From Sompo International/Air Worldwide, Verisk and Aon
Sompo International plans to use Air Worldwide's casualty analytics platform to improve its underwriting process for many commercial liability lines. Verisk is rolling out an InsurTech product ...
U.S. P/C Insurers Produced $4.7B Net Underwriting Gain Through Q3 2018
The U.S. property/casualty insurance private market produced a $4.7 billion net underwriting profit over the first nine months of 2018, according to a new report from ISO/Verisk and the American ...
Marriott Data Breach Could Cost at Least $200 Million: AIR Worldwide
Marriott International Inc. will be dealing with direct cyber incident losses from its massive data breach of between $200 million and $600 million, according to an AIR Worldwide estimate. Marriott ...
The Latest Launches From MS Amlin/Envelop Risk and Verisk’s PCS
MS Amlin and Envelop Risk formed a new underwriting partnership focused on cyber reinsurance. Verisk's Property Claim Services beefed up its PCS Global Cyber service with coverage for cyber ...
The Latest Launches From AIR Worldwide and Willis Towers Watson
Catastrophe modeler AIR Worldwide is marketing new software designed to estimate potential losses of reinsurance contracts and portfolios, industry loss warranties and insurance-linked securities. ...
Trump Tax Cuts, Lower Cat Losses Helped Make Q1 U.S. P/C Results Soar
Tax reform and lower catastrophe losses helped make all the difference for private U.S. property/casualty insurers in the 2018 first quarter. Their net income after taxes surpassed $17 billion during ...