The ACE Group announced the formation of its agriculture property and casualty insurance business, ACE Agribusiness. ACE Agribusiness is comprised of Penn Millers Insurance Company, acquired by ACE in 2011, and the Farm and Ranch division of Rain and Hail …
Verisk Insurance Solutions – Underwriting, a unit of Verisk, announced LOCATION Hail Damage Score. The new product improves an insurer’s ability to underwrite properties with existing hail damage. LOCATION Hail Damage Score is developed in collaboration with Verisk Analytics unit …
A new online facial recognition technology, Facebanx, has been developed that promises to dramatically reduce claims fraud. Facebanx, a division of OhHi, a successful video chat company, has developed software that asks policyholders to add their photo to their insurance …
Xchanging, the business process, procurement and technology services provider and integrator, has begun the roll out of free Wi-Fi access in the City of London. The first installation at 34 Leadenhall Street will be followed by installations at Lloyd’s and …
Sedgwick Claims Management Services announced that it is actively seeking more than 100 candidates to fill new positions at its recently opened facility in the Coralville/North Liberty area of eastern Iowa. Job openings include customer service representatives, disability claims specialists, …
Atlass Insurance group has enhanced its SeaWave marine insurance program to offer coverage to those with vessels built after 1970 and absentee owners with second homes or seasonal dockage in Florida, the Caribbean and Central America. The product also insures …
The increased potential for data theft, malicious tampering and wireless malfunctions in medical devices are top-of-mind concerns for the medical technology and device industry. These emerging risk trends need to be managed – and properly insured. To fill in the …
Fireman’s Fund Insurance Company launched Short Term Event Program (STEP), providing protection for smaller special events. The entertainment division at Fireman’s Fund is partnering with R.V. Nuccio & Associates, Inc., an agency that specializes in insuring special events, to offer …
ISO has filed its first vehicle telematics-based rating rule in 33 states and received approvals in 19 states. The optional GeoMetric rating rule for personal and commercial automobiles uses information collected via telematics to award discounts for vehicles operated in …
ACE Limited has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. Mexico City-based Fianzas Monterrey is the nation’s second-largest surety lines writer and the third-largest in Latin America, …