Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where specialized model partners make models, hazard data, and analytics …
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …
A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a “tragic accident of a …
Swiss financial market watchdog FINMA has revamped its organizational structure with immediate effect, the regulator said on Tuesday, as it gears up for future challenges including supervision of the enlarged UBS. Switzerland has pledged to step up regulation of the …
Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unions and some …
North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners will …
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Westminster American Insurance Co. AM Best assigned an outlook of stable …
JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson JM Wilson, headquartered in Portage, Michigan, Natalie Staruch was promoted to executive property & casualty (P&C) underwriter. She underwrites new and renewal commercial risks, working with carrier underwriters and independent …
WTW announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. This strategic acquisition will accelerate performance by expanding into specialized businesses that align with the company’s technical, industry-structured and expertise-driven growth plan. Founded in Michigan …
The Hartford of Hartford, Connecticut said Shekar Pannala was named the company’s chief information officer and leads technology, as well as cybersecurity, infrastructure and cloud modernization. Prior to joining The Hartford, Pannala was global CIO of Chubb. Before Chubb, Pannala …
