Swiss Re and Tokyo-based car electronics company Pioneer Corp. have co-developed a telematics solution that provides insurers with more personalized risk assessment, thereby supporting safer driving behavior. The telematics solution will be integrated in Swiss Re’s “Coloride”app and is set …
African swine fever will spread further across Asia where it has devastated herds, and no country is immune from being hit by the deadly animal virus, the head of the World Organisation for Animal Health (OIE) said on Wednesday. The …
Selective Insurance Group announced that John J. Marchioni, who has served as the company’s president and chief operating officer since 2013, has been unanimously elected as its next chief executive officer, effective Feb. 1, 2020. Marchioni will succeed Gregory E. …
The number of companies in England and Wales unable to pay their debts rose to an almost six-year high in the third quarter as the Brexit crisis intensified. There were 4,355 company insolvencies, 0.4% more than in the second quarter, …
NI Holdings Inc. has signed a definitive agreement to purchase 100 percent of the issued and outstanding stock of Westminster American Insurance Company from private shareholders. Westminster American is headquartered in Owings Mills, Md., and underwrites commercial multi-peril insurance in …
Ride-hailing company Lyft Inc. on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end of 2021. As pressure to become profitable mounts in the ride-hailing industry, Lyft executives …
Georgia officials reached an agreement Monday to temporarily shut down a medical sterilization facility that uses a gas that studies have linked to an increased risk of cancer. A Newton County judge signed off on a deal between the state …
Officials say a fire at an Alabama warehouse is the most disastrous in the city of Attalla’s history. Alabama State Fire Marshal Scott Pilgreen told the Gadsden Times Friday that investigators estimate warehouse losses at more than $50 million. Authorities …
The Hilb Group LLC (THG) has acquired New York-based Avanti Associates Ltd., comprised of Associated Insurance Agency of Westchester Inc., Comprehensive Insurance Brokerage Inc. and Bruce Farnham Associates Ltd. The transaction became effective October 1, 2019. Avanti is a full-service …
The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age. Given the unprecedented sophistication of the systems, which include …
