October 22, 2018
Microsoft Corp. has helped develop a way to protect corporate buyers of clean power from electricity prices that go up and down with the weather. The company is using a risk-management tool called a volume-firming agreement for almost 500 megawatts …
October 19, 2018
Arch Insurance announced that Matt Shulman will assume the newly created role of CEO, Arch Insurance North America, effective January 1, 2019. In this role, he will lead Arch Insurance’s operations in the United States and Canada. He will report …
October 19, 2018
Everest Insurance said that Christopher McKeon, currently vice president and head of Commercial Casualty, will add leadership responsibility for the Risk Management business unit, which focuses on customized primary casualty large accounts. Risk Management and Commercial Casualty will continue to …
October 19, 2018
Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on Oct. 17. “We really like the market,” said Jesse …
October 19, 2018
The ubiquitous black boxes on airliners — designed to capture the sometimes gruesome words and sounds leading up to crashes — need an upgrade, U.S. accident investigators say. In too many cases, the current two hours of sound on the …
October 19, 2018
Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as autonomous machines, artificial intelligence, smart factories and digitalized supply chains …
October 18, 2018
American International Group said it expects to report third quarter 2018 catastrophe losses of approximately $1.5 to $1.7 billion. These losses are largely from multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions …
October 18, 2018
When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some experts are also eyeing a variety of …
October 18, 2018
More than two-thirds (69 percent) of employees are tired at work, increasing the risk of injuries and incidents on the job, according to the National Safety Council. Many of these fatigued employees work in the construction, transportation, manufacturing and utilities …
October 18, 2018
Fresh off its announcement of Google becoming a minority investor, insurance agency technology provider Applied Systems announced it has acquired Dynamis Software Corp., a Milwaukee-based provider of employee benefits software. This acquisition expands Applied System’s employee benefits offerings. The firm …