AIG Maps Out Major Investment in Technology, Core Processes February 14, 2020 By Mark Hollmer American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative,...
Deepwater Horizon Oil Spill in 2010 Was Bigger Than Satellite Images Showed February 14, 2020 Toxic and invisible oil spread well beyond the known satellite footprint of the 2010 Deepwater Horizon oil spill, according to...
AssuredPartners Acquires Nevada West Business Insurance Agency, Inc. February 14, 2020 AssuredPartners Inc. has acquired Nevada West Business Insurance Agency Inc. in Las Vegas, Nev. The team of five will remain...
4.0-Magnitude Earthquake Hit Central California Coast February 14, 2020 An earthquake with a preliminary magnitude of 4.0 shook California’s central coast on Wednesday but no damage or injuries were...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair February 14, 2020 By Susanne Sclafane As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty February 14, 2020 Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain...
Insured Losses for Europe’s Storm Ciara-Sabine Could Hit $2 Billion: Modeling Firms February 14, 2020 Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties February 14, 2020 B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have...
Lawsuit Alleges Pennsylvania School District Knew About Lead, Asbestos Contamination February 14, 2020 Current and former employees of a Pennsylvania school district claimed in a lawsuit filed Monday that officials knew for years...
Vermont Governor Announces Decreases in Workers’ Comp Rates February 14, 2020 Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take...