Hi Marley Raises $8M in Funding Round Hi Marley, a messaging platform designed for the insurance industry, announced that it raised $8 million from investors, bringing total financing for the company to $18.6 million. The Boston based insurtech said the …
Tristar Buys RMS Tristar Insurance Group, a privately owned third-party claims administrator based in Long Beach, Calif., has agreed to purchase Aspen Risk Management Group. Aspen, located in San Diego, provides remote ergonomics, online service platforms, and consulting services to …
A research team funded by insurance carriers will soon launch a system that uses block chain technology to allow claims adjusters from multiple insurers to share access to a single first notice of loss. The RiskStream Collaborative said that it …
A new report from the Insurance Research Council (IRC) estimates that Florida’s third-party bad faith legal environment added an average of $106 in claim costs to every insured vehicle in the state in 2017, and resulted in a total of …
NORCAL Offers Medical Professional Liability Insurance in New Mexico NORCAL Mutual Insurance Company now offers medical professional liability insurance coverage to the healthcare providers of New Mexico. NORCAL protects practices throughout the United States and is one of the top …
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., a global specialist risk advisor and broker, announced the company has chosen Chicago as its U.S. headquarters. The Chicago office is located at 225 West Wacker on the …
Travelers Streamlines Workers Compensation Claims With New Digital Capability The Travelers Companies, Inc. launched a new digital self-service capability to streamline the workers compensation claim process. MyTravelers for Injured Employees is a secure, web-based tool that provides injured employees with …
If you’re just catching on to the fact that big data is shaking up the insurance industry in a big way, you’re a bit behind the curve. Across all industries, almost 90 percent of large companies say big data is …
Big data is a topic about which much has been written, although rarely is it explained in specific terms what it means for insurance professionals. Should claims adjusters and investigators be learning complex algorithms and software programming? Or does all …
The Institutes and the Casualty Actuarial Society have announced a strategic alliance formed between the two organizations at the CAS Annual Meeting on November 16, 2015 in Philadelphia. Both organizations share a similar mission of delivering educational solutions for risk …