American Family Renames Ameriprise Insurance as Connect August 6, 2020 American Family Insurance has renamed the Ameriprise Auto & Home business that it paid almost $1 billion for in a...
The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint August 6, 2020 By Dan Epstein Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after...
Increasingly Popular Industrial Robots Are Vulnerable to Cyber Attacks, Report Warns August 6, 2020 By Daniele Lepido Industrial robots are now being used to assemble everything from airplanes to smartphones, using human-like arms to mechanically repeat the...
AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’ August 6, 2020 By Mark Hollmer AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains...
Liberty Mutual Reports Q2 Loss on COVID-19 Event Cancellations, Storms, Downturn August 6, 2020 Liberty Mutual Holding Co. reported a net loss of $320 million for the second quarter versus net income of $397...
‘Defensive Dining’: Keeping Makeshift Outdoor Eateries Safe From Storms, Drivers August 5, 2020 By Elise Young Outdoor spaces hastily fancified for low-risk dining are keeping thousands of U.S. restaurants from closing permanently. But crashing the dinner...
Rideshare Insurer Buckle Raises $31 Million to Fuel Nationwide Expansion August 5, 2020 Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use...
Pie Workers’ Comp ‘Appetite Checker’ Slices Agents’ Wait Time on Risk Eligibility August 5, 2020 Pie Insurance, a technology-driven workers’ compensation provider for small businesses, has a new portal that it says makes it easier...
AIG’s Coronavirus Hits Include Travel, Workers’ Comp, Property, Trade Credit Lines August 5, 2020 By Suzanne Barlyn Insurer American International Group Inc. racked up $730 million in COVID-19-related losses during the first half of the year, its...
Allianz Global Corporate & Specialty Sells U.S. Products Recall Business to Axon August 5, 2020 New Jersey-based specialty lines program administrator Axon Underwriting Services has acquired the renewal portfolio of Allianz Global Corporate & Specialty’s...