Last year’s NCAA Final Four men’s basketball tournament was one of the highest attended and most watched games in the event’s history. According to NCAA.com, attendance totaled 153,780 for the games. In the wake of mass shootings and cyber threats, …
Allianz Global Corporate & Specialty Acquires Renewal Portfolio of Product Recall Business from Liberty Mutual in the U.S. Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced it is acquiring the renewal portfolio of Liberty Mutual Insurance’s …
In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage in several states. The use of aerial imaging combined with machine learning has led to speedier claims resolution, …
AIG Announces Changes to its Organizational Structure American International Group, Inc. announced it’s plan to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter …
As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster claims rewarded his strategy. Operating profit jumped 23 percent to 2.9 billion euros ($3.4 billion), Europe’s largest …
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …
Holocaust survivors on Monday celebrated the end of German insurance giant Allianz’s sponsorship of a Florida pro golf tournament, saying it may boost efforts to collect some $2.5 billion in World War II-era policies issued to Jews that they say …
A luxury high rise condominium located in Las Vegas, Nevada, was found to have been barred from recovery of its $5 million window damage claim, according to a ruling by the Ninth Circuit of the U.S. Court of Appeals. The …
Nearly 1 in 10 homeowners reported that they had fallen victim to a theft from their garden with the average value of the items stolen hitting £176.00 (roughly $258), according to Allianz Insurance. The insurer polled 2000 homeowners during a …
German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 people on board, making it the third major airline accident it has been involved in this year. The …