Technology & Analytics
Hellman & Friedman to Buy Applied Systems for $1.8B
Private equity firm Hellman & Friedman LLC (H&F) has struck a deal to buy insurance software provider Applied Systems from Bain Capital LLC for $1.8 billion, H&F said on Tuesday. JMI ...
Asteroids Pose Serious Threat But Should Be Manageable
On Feb. 15, a 13,000-ton rock plunged through the skies above Chelyabinsk, Russia. It shone 30 times brighter than the sun, and hurtled at 42,000 miles per hour toward a city of more than a million ...
Google’s Schmidt: Insurance About to ‘Explode’ With Uses for Big Data
Google Inc. Executive Chairman Eric Schmidt said new technologies that help companies analyze vast amounts of digital information have the power to bring change to the insurance, health-care and ...
Low Frequency Hinders Study of Northeast Hurricanes
Seventy-five years ago, "the Great New England Hurricane of 1938" laid waste over large areas of the northeastern United States. Last year's Hurricane Sandy provided a more immediate reminder that ...
Setbacks Outweigh Gains in World’s Bid to Meet Carbon Goals: Study
The world is getting further off track in limiting global warming with setbacks in Japan and Australia outweighing positive signals from the United States and China, a study showed on Wednesday. A ...
Workers’ Compensation Results Improved in 2012: A.M. Best
The workers' compensation industry's results improved in 2012. Premiums grew for the second straight year, the combined ratio improved, and claims frequency declined at a faster rate than severity ...
Typhoon Fuels Call for Rich Nations to Compensate Poor for Global Warming Losses
The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European ...
Aging Core Systems Not Making the Grade: IGO Carrier Research
A new survey of P/C and group life carriers revealed that more than 50 percent cite legacy systems as the top core system challenge, followed by integration and scalability/flexibility issues. ...