Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters. The Travelers Catastrophe Map Viewer provides access to searchable, high-resolution aerial images that are often available within one or two days …
Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The excess and surplus lines sector is enjoying its largest growth …
Boeing Co. will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund’s administrators said on Monday. The fund, overseen by Washington lawyers …
It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades. It’s traditionally been applied to events like natural …
When the medical community makes mistakes, it’s like shooting down a few hundred airplanes every year. That’s a dramatic metaphor that has stuck in my mind since I first heard it from a doctor, and an apt way to describe …
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German insurer Allianz, the California Public Employees’ Retirement System (CalPERS), …
Newly-launched specialty insurance broker CAC Specialty announced the appointment of Michael D. Rice II as its chief executive officer. Rice brings years of experience in the brokerage industry. Most recently, he served as the founding CEO and executive chairman of …
Walgreens and a Google affiliate are testing drone deliveries that can put drugstore products on customer doorsteps minutes after being ordered. Snacks like Goldfish Crackers or gummy bears as well as aspirin for sick kids will be delivered starting next …
Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in 2016. The participation included …
Willie Nelson has famously said a country song is “three chords and the truth.” It might not be so simple anymore. A flood of lawsuits is threatening to upend that concept, making trivial similarities in songs the basis for a …
