An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together. The surplus lines insurance market continues to grow, not because …
One of Nationwide’s commercial insurance policyholders is realizing the benefits of venture-capital investment that the insurer made in a telematics startup and a pilot program that is reducing risky driving behaviors by 70 percent. The policyholder, HASC Center, a nonprofit …
Most insurance organizations have historically built strategic plans around a few core tenets: 1) increasing sales (market share and growth); 2) improving acquisition or retention; 3) increased persistency; and 4) increasing effectiveness and efficiencies (less cost). These plans always had …
National wholesale insurance brokerage and managing general agent Worldwide Facilities has partnered with Petro Guardian, a lightning and static protection installation service provider for oil and gas facilities, to introduce Enlightning – an exclusive program to reduce the risk of …
Insurer market power matters in hospital pricing. Patients with automobile, workers’ compensation, and other non-conventional commercial insurance plans paid much higher prices than patients with HMO/PPO health insurance coverage for hospital services in Florida, new research confirms. A new Johns …
Verisk is now offering customers free access to Geomni’s high-resolution aerial imagery following major loss events. Geomni is a Verisk business. Geomni will provide online access to before-and-after imagery of structures and properties inside the catastrophe area. This will enable …
News about insurtechs happens almost every day. This week, innovation and insurtech will be on the minds of many as an estimated 6,000 insurance professionals and entrepreneurs meet in Las Vegas for the InsureTech Connect Conference. Before the news from …
The cost to insure debt holdings in electric carmaker Tesla Inc. rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been accused of …
Harvard, the nation’s oldest university, must go to trial to defend a lawsuit claiming it discriminates against Asian-American applicants. A Boston federal judge’s rejection Friday of requests by both sides for a win before trial sets up a final showdown …
A high-profile settlement with Tesla Inc. Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said. In the last week, the SEC …
