March 1, 2017
Guidewire Completes Acquisition of ISCS Guidewire Software, Inc., a provider of software to the Property & Casualty (P&C) insurance industry, announced it has completed the acquisition of ISCS. The company also announced the immediate availability of Guidewire InsuranceNow, a cloud-based, …
February 17, 2017
QBE Inland Marine Launches New Liability Insurance for Motor Carriers in the Logistics and Transportation Industry Australia-based QBE North America, an operating division of global insurer QBE Insurance Group Limited, announced the launch of The Solution for Motor Truck Cargo …
January 24, 2017
Verisk Analytics Acquires Arium Verisk Analytics, Inc., a data analytics provider, announced it has acquired Arium, an independent company specializing in liability risk modeling and decision support. Arium will become part of AIR Worldwide, a Verisk Analytics business, and will …
January 23, 2017
Private U.S. property/casualty insurers suffered a $1.7 billion net underwriting loss in the first nine months of 2016-following a $7.3 billion net underwriting gain in nine-months 2015-and experienced a drop in net income after taxes to $31.8 billion from $44.1 …
January 3, 2017
A deep freeze is about to descend on North America, Europe and Asia thanks to record high temperatures across the Arctic. How’s that? “Think of it like a seesaw,” said Matt Rogers, president of Commodity Weather Group LLC in Bethesda, …
November 28, 2016
AMS Allies With Liberty Mutual Insurance Florida-based AMS Management Group (AMS) entered into a formal agreement with Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, effective October 1, 2016. AMS, a highly technical and specialized MGU, will market, underwrite, …
November 14, 2016
ISO Announces New Miscellaneous Professional Liability Program ISO, a Verisks Analytics business, announced a new Miscellaneous Professional Liability Program to help insurers cover one of the fastest-growing sectors of the U.S. economy. The professional services industry in the United States …
October 26, 2016
Xceedance Establishes London Office Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market, according to a company announcement. Xceedance is a …
October 5, 2016
Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016-the first year-to-date net underwriting loss in more than three years-and saw their net income after taxes drop to $21.7 billion in first-half 2016 …
June 3, 2016
High complexity claims account for the majority of dollars spent in workers’ compensation claims. One way to identify high exposure claims early is by using predictive analytics. Using analytics, carriers can spot problem cases and direct them to a more …