While traditional intermediaries still dominate in distributing insurance, the advance in artificial intelligence means that so-called robo advisers have gained traction in recent years, according to Swiss Re. These web-based platforms — providing automated, algorithm-based advice without or with only …
The U.S. National Highway Traffic Safety Administration said Tuesday that new testing is prompting Takata Corp. to declare 2.7 million air bag inflators defective in Ford Motor Co., Nissan Motor Co. and Mazda Motor Corp. vehicles. Takata air bag inflators …
Insurer financial data through the first quarter of 2017 suggest the individual health insurance market has been stabilizing and insurers in this market are regaining profitability, finds a new analysis from the Kaiser Family Foundation. “Insurer financial results show no …
Alabama and Mississippi are completely free from drought for the first time in more than a year. A federal assessment released at the end of June showed rains eliminated a dry spell that began in April 2016, the last time …
A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their agency over the next few years. …
Louisiana workers’ compensation insurance provider, LWCC, announced a 2016 dividend of $90.6 million. The amount was distributed to over 20,000 policyholders in April 2017. This is the 14th consecutive year LWCC has issued a policyholder dividend, bringing the cumulative total …
Property/casualty wholesaler, U.S. Risk Insurance Group LLC, has acquired Texas-based IMS London American Brokerage and Underwriting Services. IMS President Larry Mennes has been named president of U.S. Risk’s contract binding operations in Texas, and IMS’ Stephen Vallender has been appointed …
The McGowan Companies (McGowan), headquartered in Fairview Park, Ohio, announced it acquired North American Professional Liability Insurance Agency LLC (NAPLIA), effective April 1. NAPLIA will be re-branded under the McGowan Program Administrators brand and will function as a division of …
Some Kansas cities are closing water slides at pools and aquatic centers this summer at least until confusion over a new state law that increased regulation of amusement park rides is cleared up. The law, which took effect July 1, …
Dealing with a fire can be a serious problem on its own and becomes even more intense when people set buildings ablaze deliberately. That’s the issue in South Peoria, Ill., in late 2016 and earlier this year when a rash …
