A U.S. government weather forecaster on Thursday raised its forecast for the chance of El Nino conditions during the Northern Hemisphere summer to 70 percent, up from a 60 percent chance last month, with a 60 percent chance it lasts …
The Insurance Marketing & Communications Association (IMCA) is seeking nominations for its 2015 Innovation Torchbearer Award. The award recognizes individuals or organizations that have demonstrated “innovative ideas or initiatives impacting the insurance industry,” according to Mark Friedlander, IMCA president and …
Business travelers are bypassing the taxi queue with greater frequency, choosing instead ride-hailing services like Uber Technologies. A new report by expense management system provider Certify shows that 47 percent of the ground transportation rides by its users in March …
Someday soon, Big Brother may be watching you. Only his name will be “John Hancock.” The insurer is rolling out a program in the U.S. similar to ones already deployed in other parts of the world, where your life insurer …
Hastings Insurance Group increased its customer base by 20 percent in 2014, boosting profitability and setting the U.K. car insurer on track for a potential initial public offering this year. Hastings, which generates 90 percent of its business from price-comparison …
Former Massey Energy Co. Chief Executive Officer Donald Blankenship, facing criminal trial over an April 2010 explosion that killed 29 miners, said the year before that he feared a disaster with 100 deaths. “I don’t want to go to 100 …
AXA Strategic Ventures* has made a $1 million investment in the French tech startup company Evercontact, a cloud service that extracts contact information in emails and shares and updates them automatically. With more than 100,000 users, Evercontact is the only …
While the planned year-end timeline for 10 Southeast Asia nations forging ahead under a single, open economic market appears to be slipping, the region’s insurance industry has reached common ground on the benefits of operating beneath such a model, according …
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director Michael McRaith assured an industry crowd last month. “We …
Beazley and Korean Re announced a partnership to develop business together and to establish a special purpose syndicate at Lloyd’s, Syndicate 6050. Under the agreement, Syndicate 6050 will write a whole account quota share of Beazley Syndicates 623 and 2623 …
