Verisk News

P/C Insurance Technology Vendor FirstBest Gets $10 Million

Property/casualty insurer technology vendor FirstBest Systems Inc. said it has completed $10 million in funding. With the new round, NewSpring Capital and Verisk Analytics Inc. join private equity firm Brookstone Partners, which also participated, and existing investor Flybridge Capital Partners, …

Cargo Theft Reporting Improves, Says Insurers’ CargoNet

Reporting of cargo theft in the United states has improved thanks to data sharing by insurers, the transportation industry and law enforcement, according to an insurance industry tracking service. CargoNet, which was formed by Verisk Analytics and the National Insurance …

Verisk Catastrophe Index Now Covers U.S. Earthquake Risk

The Verisk Catastrophe Index has been expanded beyond the hurricane peril to also cover U.S. earthquake risk, including fire following earthquake. The index provides industry-wide insured property loss estimates by county and line of business based on data from ISO’s …

Verisk Appoints Stephenson As President, Promotes Others

Verisk Analytics has appoointed Scott G. Stephenson, chief operating officer, to the additional role of president. The company also announced the promotion of Mark V. Anquillare, chief financial officer, to executive vice president, and Kenneth E. Thompson, general counsel, to …