Claims & Reserving
James River Unloads Rideshare Reserves To Uber Captive
Late last week, James River Group Holdings, Ltd. announced that two of its principal operating subsidiaries entered into a loss portfolio transfer reinsurance transaction with a wholly owned captive ...
InsurTech Five Sigma Raises $12M for Cloud-Based Claims Platform Expansion
Israel's Five Sigma raised $12 million to accelerate growth and expansion of its cloud-based claims platform. The investment firm 83North led the Series A round, which also included existing ...
Forced Return to Workplace Could Lead to Lawsuits: Risk Alerts
Many employees are being forced to return to the workplace despite requesting accommodations for mental health issues such as anxiety, stress, depression, agoraphobia or PTSD. This has led to a spike ...
AIR Worldwide Estimates Insured Losses for Hurricane Ida Could Be Up to $25B
Insured losses to onshore property resulting from Hurricane Ida's winds and storm surge will range from $17 billion to $25 billion, according to estimates from modeling firm AIR Worldwide. AIR's ...
8 Emerging Risks to Watch: Flooding, Toxins, Solar Panel Waste
Even the most vigilant insurers and reinsurers scanning the risk landscape for potential future liability problems are likely to fall into landmines. What insurance risks of the immediate or distant ...
Risk Alerts: Gender Reveal May Have Caused Wildfire, Death of Firefighter
Despite numerous reports of destruction and even death, many couples still insist on throwing elaborate and risky gender reveal parties—often with unintended consequences. Carrier Management first ...
Mining for Gold: Overcoming Challenges to Unstructured Text Data
Artificial intelligence (AI) is undeniably changing the insurance industry. Carriers are justifiably enthusiastic about the opportunities for improved efficiency and cost savings. Unfortunately, the ...
Risk Alerts: Solar Panel Waste and Carcinogens
Is the U.S. heading toward a solar panel waste crisis? U.S. home installations of solar panels have rebounded after a pandemic slump, and analysts expect the capacity to quadruple in the next 10 ...