In many ways, insurance is a battle for information. From marketing to underwriting to claims, the ability to know as much as possible about a potential insured, especially for property risks, is vital. With that in mind, Austin, Texas-based BuildFax …
The business of selling earthquake insurance to homeowners may have just gotten a bit easier. The California Earthquake Authority has launched its annual “Marketing Value Program,” in which the quasi-private earthquake insurer encourages agents to sign up to receive at …
There aren’t very many rooms in the world that can successfully reproduce the devastating effects of an earthquake. But come May 1, a laboratory on the University of Alabama campus may be able to do just that. Work is under …
Cloud computing is big business. With a worldwide market forecast to reach nearly $241 billion by 2020, it’s no wonder chief information officers (CIOs) rank cloud computing in their top three technology priorities for 2012. Cloud computing is the market’s …
The Inland Marine Underwriters Association (IMUA) has voted Swiss Re America senior vice president Peter Opinante to assume the chairmanship of the board. Opinante, who served as deputy chair, fills the seat vacated by Sophia Philips who recently resigned for …
The North Carolina Court of Appeals has waded into a legal tussle over the wrongful death of a Jack Russell terrier. Nancy and Herb Shera sued North Carolina State University’s College of Veterinary Medicine in 2009, seeking more than $28,000 …
The insurance industry is likely to see more robust mergers-and-acquisitions activity in 2012, according to a New York investment firm. In 2011, the M&A deal volume started off relatively slowly, followed by a notable pick up in the latter half …
Hartford Financial Services Group appointed Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He comes from American International Group’s Chartis, where he was chief underwriter and chief risk officer for its U.S. operations. At …
OneBeacon, Interboro OneBeacon Insurance Group completed the sale of its AutoOne business to Interboro Holdings of New York. The transaction, which was announced on Aug. 31, 2011, included AutoOne Insurance Co. and AutoOne Select Insurance Co., along with the assets, …
According to Deloitte’s “2012 Global Insurance Outlook,” emerging property/casualty exposures are prompting coverages for cyber liability, green construction, nanotechnology, global political risk and professional liability associated with new regulations. New personal lines products offer private unemployment insurance, as well as …
