business moves News

AIR Adds Storm Surge Feature to U.S. Hurricane Model

Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its hurricane model for the U.S. to help insurers and reinsurers better understand and quantify the risk from hurricanes. The update features a hydrodynamic storm surge module that integrates storm parameters …

Vista Equity Partners to Acquire EagleView Technology

EagleView Technology Corporation, a technology provider of aerial imagery, data analytics and GIS solutions, announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners, a private equity firm focused on software, data and technology-enabled …

Zurich Announces New Last Minute Response Team for Hurricane Prep

Last week, Zurich Insurance launched a new pre-emergency response team to assist business owners in dealing with last minute risk assessment and quick fixes two to four days prior to the arrival of an impending hurricane. Bringing in on site …

FM Global Publishes Comprehensive Index of Countries’ Building Codes

FM Global, a global commercial and industrial property insurer, announced the publication of the first-ever index of many of the world’s building codes. The 2015 FM Global Country Building Codes Index is a PDF document available at no charge and …

Marsh Launches Analytics-Driven Diagnostic Tool to Reduce TCOR

Marsh, an insurance broking and risk management firm, announced a new casualty cost diagnostic tool powered by analytics that provides clients enhanced awareness of their casualty program costs and trends and shares strategies on how to further control their casualty …

The Hartford Announces Multi-Year Sponsorship of Major League Baseball

The Hartford and Major League Baseball (MLB) announced a multi-year sponsorship that will make The Hartford an “Official Sponsor of Major League Baseball” and the exclusive business insurance, homeowners insurance and employee benefits partner of MLB. The sponsorship includes the …

New Product Gives Insurers Ability to Track Mileage with Policyholders’ Smartphones

Property/casualty insurance information company Verisk Insurance Solutions is teaming with a technology firm to provide insurance companies with the ability to collect automobile odometer readings for insurance rating and usage-based insurance (UBI) programs. The product, called OdometerConfirm, allows insurers to …

Xchanging Launches New TPA, Xcelsia Claims

Xchanging plc, a business technology and services provider, is delighted to announce the London market launch of a new global TPA adjusting service – Xcelsia Claims. Offering global coverage, Xcelsia Claims partners with established TPAs in local territories to combine …

Rimkus Receives Approval for Quadcopter Drone Use in Forensic Investigations

Rimkus Consulting Group, a forensic engineering consulting services, announced it has received approval from the Federal Aviation Administration (FAA) to utilize small unmanned aircraft systems (UAS) – commonly referred to as drones – for aerial inspections of structures and facilities …

Risk Point Announces Hail Estimating Model to Curb $250M Overpayment

Risk Point, LLC, a provider of insurance for auto dealer inventory, has introduced a new estimating model for hail damage repair as a way to control ever increasing premiums and deductibles, and to eliminate what has long been a problem …