[ad_1] What’s behind the cyber claims trend in the first half-year? | Insurance Business America Insurance News What’s behind the cyber claims trend in the first half-year? Segment saw an escalation on two fronts Insurance News By Kenneth Araullo A new report has noted an escalation in both cyber claims frequency and severity for businesses…
[ad_1] Generative AI fuels ‘quantum leap’ in insurance technology innovation | Insurance Business America Insurance News Generative AI fuels ‘quantum leap’ in insurance technology innovation VP on the future of AI Insurance News By Gia Snape The advent of generative artificial intelligence (AI) has not only transformed the insurance industry’s view on artificial…
[ad_1] California unveils landmark sustainable insurance strategy | Insurance Business America Property California unveils landmark sustainable insurance strategy It’s the largest package of reforms in nearly 35 years California insurance commissioner Ricardo Lara has unveiled a package of reforms that aims to alleviate the state’s troubled insurance market, including changes to the FAIR…
[ad_1] Gallagher announces deal for Ace Commercial | Insurance Business America Motor & Fleet Gallagher announces deal for Ace Commercial Move expands its transportation market expertise Motor & Fleet By Mika Pangilinan Arthur J. Gallagher & Co has moved to strengthen its foothold in the transportation market, acquiring Ace Commercial Insurance Center in California. Ace…
[ad_1] IUMI conference insights – hull, offshore energy, and net-zero goals | Insurance Business America Marine IUMI conference insights – hull, offshore energy, and net-zero goals What trends should the industry be aware of? Marine By Kenneth Araullo Firstly, while hull underwriters had a positive year, the segment can expect some shifts within its market….
[ad_1] Verisk chief on the key challenges impacting the insurance market | Insurance Business America Technology Verisk chief on the key challenges impacting the insurance market Exploring a “generational shift” throughout tech leadership Technology By Mia Wallace As an experienced snowshoer, the daunting sight of steep slopes is a familiar one to Verisk CEO and…
[ad_1] Revealed – the prominent risks and trends in the offshore wind segment | Insurance Business America Risk Management News Revealed – the prominent risks and trends in the offshore wind segment Natural catastrophe threats on the rise as segment continues to expand Risk Management News By Kenneth Araullo In its latest report titled “A…
[ad_1] What do Gen Z insurance consumers want? | Insurance Business America Insurance News What do Gen Z insurance consumers want? Information and tools are pieces of the puzzle Insurance News By David Saric For insurers looking to cater to a Gen Z audience that prefers independence in their e-commerce purchasing habits, providing additional resources…
[ad_1] These three market concerns are leading to reduced cyber coverage | Insurance Business America Insurance News These three market concerns are leading to reduced cyber coverage Loss events are proving problematic Insurance News By David Saric There are three types of cyber losses that are resulting in reduced coverage, according to Kirsten Mickelson, Gallagher…
[ad_1] NORTHBROOK, Ill., September 21, 2023 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August of $551 million or $435 million, after-tax. August month catastrophe losses include 18 events estimated at $641 million, with approximately half of the losses related to the Maui wildfire, partially offset by favorable reserve…