Insurance Technology: Flood Data From Arturo and ICEYE; Weather Intelligence From Verisk; Home Valuations from CAPE Analytics June 2, 2022 Arturo and ICEYE Offer Near Real-Time Flood, Property Damage Insights Property analytics firm Arturo and sensor data provider ICEYE hope...
P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion May 26, 2022 Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry...
Verisk Promotes Shavel to CEO, Anquillare to President May 25, 2022 Verisk said it appointed Lee M. Shavel to CEO and Mark V. Anquillare to president following the company’s annual shareholder...
Markets/Coverages: Falvey’s Cyber Cover for Cargo; PHLY’s New Commercial Line; CoverEase’s Workers’ Comp; Mile Auto’s Telematics March 28, 2022 Falvey Cargo Underwriting Offers Cyber for Cargo Falvey Cargo Underwriting announced its latest product offering, Cyber for Cargo, to help...
Japan’s Powerful Earthquake Estimated to Cost Insurers $2 Billion-$4 Billion: Verisk March 24, 2022 The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion...
The Remaking of Verisk as an Insurance-Focused Firm (Again) Is Underway March 23, 2022 By Andrew G. Simpson Last week, information services firm Verisk said it had taken steps that align with one investor’s call for the firm...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk February 25, 2022 Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2...
Verisk Acquires Illinois’ Infutor February 24, 2022 Verisk, the global data analytics provider, has acquired Infutor, a provider of identity resolution and consumer intelligence data. Verisk plans...
People Moves: At Verisk, Shavel to Succeed Stephenson as CEO, Anquillare to Become President February 18, 2022 Financial data and analytics company Verisk announced that Scott G. Stephenson, chairman, president and chief executive officer, will be retiring...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021 February 15, 2022 An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty...