Financial data and analytics company Verisk announced that Scott G. Stephenson, chairman, president and chief executive officer, will be retiring following the company’s 2022 shareholder meeting. Stephenson will be succeeded as CEO by Lee M. Shavel, who is currently chief …
An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during the same period the prior year, …
U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19’s economic disruption. According to a report from the American …
Insurance technology firms EagleView and Verisk have patched up their differences and are vowing to move ahead “enabling joint innovation.” The companies’ accord comes two years after aerial imaging firm EagleView Technologies won a $125 million patent infringement verdict against …
Verisk Analytics, the global data analytics firm, has acquired North Carolina-based Data Driven Safety to expand its automobile insurance underwriting data business, Verisk announced. Data Driven Safety, founded in 2009 and headquartered in Huntersville, North Carolina, has specialized in aggregating …
Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company announced this morning. Unstructured data and images from Yelp reviews …
Verisk Names Holzer as Executive VP, Chief Human Resources Officer Verisk, a global data analytics provider, appointed Sunita Holzer as executive vice president and chief human resources officer (CHRO). Bringing three decades of human resources leadership experience across relevant industries, …
Beazley Appoints Chubb’s Kocsondy as U.S. Cyber & Tech Chief Specialist insurer Beazley has appointed Patricia Kocsondy as head of U.S. Cyber & Tech. Kocsondy, an experienced cyber underwriter and manager, comes from Chubb, where she served as senior vice …
Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20 billion from $17.9 billion in the first quarter of 2020. Growth was fueled, in part, by an increase in realized …
In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion and net underwriting gains declined to $0.3 billion, from $5.4 billion a year earlier as the industry dealt with the …
