P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence October 6, 2017 By Andrew G. Simpson Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science...
Gulf Coast on Hurricane Watch As Tropical Storm Nate Strengthens October 6, 2017 Tropical Storm Nate, which has already shut oil and gas platforms in the Gulf of Mexico, strengthened as it continued...
GM Says Driverless Cars Faultless in 6 Accidents in September October 6, 2017 By David Shepardson General Motors Co.’s self-driving unit, Cruise Automation, told California regulators its vehicles were involved in six crashes in the state...
Crowdsourced Insurer Rater Clearsurance Raises $4 Million October 6, 2017 Clearsurance, a crowdsourced review, rating and educational platform for the insurance industry, has raised $4 million in a Series A...
Future Reports to Include Both Private, Public Flood Insurance Loss Estimates October 6, 2017 Beginning with Hurricane Harvey, the private sector Property Claim Services will publish aggregate flood loss information supplied by the federal...
Wells Fargo C-Suite Must Face Shareholder Lawsuit Over Fake Accounts: Judge October 6, 2017 By Jonathan Stempel A federal judge said current and former Wells Fargo & Co. officers and directors, including Chief Executive Officer Tim Sloan,...
Trump Wants to Halt Government Flood Insurance for New Homes in Flood Zones October 5, 2017 President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change...
Insurtech Slice Raises $11.6M; Will Offer Its On-Demand Platform to Other Carriers October 5, 2017 By Andrew G. Simpson Slice Labs Inc., a company offering an on-demand insurance platform for rideshare and homeshare risks in the United States, has...
Carpenter Appoints Yoder to Lead Global Innovation & Product Development October 5, 2017 Guy Carpenter & Co., the reinsurance brokerage subsidiary of Marsh & McLennan Cos., has appointed Claude Yoder as managing director...
Hurricane Cars Declared ‘Total Losses’ by Adjusters Are Now Back on Roads October 5, 2017 By Kyle Stock and Eric Roston The ink on the “total loss” insurance paperwork, like the 2007 Range Rover itself, was still wet when Morgan Moran...