AI insurtech Concirrus has announced its new submissions offering that provides a seamless end to end solution for customers at a competitive price.
Author: Annie George
ATS Underwriting Chooses Gradient AI to Expand Medical Stop Loss Insurance Business
Gradient AI today announced that ATS Underwriting, a privately held, full-service managing general underwriter specializing in Medical Stop Loss insurance, has adopted Gradient AI’s SAIL™ Solution to enhance its underwriting processes within the small group transitional market.
Florida Joins Other States in Fight Over Flood Insurance Revamp
lorida has joined nine other states in a federal lawsuit challenging an overhaul of the National Flood Insurance Program, arguing the new system is flawed and will drive up premiums for many property owners.
California Insurance Commissioner Says He Can’t Take Action Against State Farm
California Insurance Commissioner Ricardo Lara does not plan on taking any action against State Farm after the insurance giant announced it was no longer accepting applications for new home insurance policies last month.
Global Economy Resilient to Cyberattacks, But Major Events Pose Significant Risk: CyberCube
A recent report by cyber risk analytics provider CyberCube reveals that while the global economy has shown resilience to cyber attacks with minimal financial losses experienced so far, the analysis of near-miss events suggests a significant risk of far larger losses in the future.
VCA Software Introduces New Insurer Claims Solution Suite, Transforms Claims Journey with Speed and Transparency
Insurtech VCA Software Inc. announced the rollout of its new Carrier Solution Suite, better positioning insurers to contain losses while earning policyholder loyalty.
Chubb Demands Energy Producers Cut Methane Emissions for Coverage
Global insurer Chubb Ltd. is tightening its requirements on insurance policies for oil-and- gas producers, demanding that they reduce emissions of methane, a potent greenhouse gas.
How an Insurer Helps a Shipper Stay Above Water
Zurich and some other insurers with big fleets of engineers, including Chubb and FM Global, are advising companies on how to fortify their properties against expected higher sea levels, storm surges, fiercer wind storms, wildfires and more intense rainfall.
How to Help Your Clients in the Tough Property Insurance Market
The commercial property insurance market remains challenging, with several factors contributing to difficult conditions and premium increases. First, the frequency and severity of catastrophic events have caused significant losses globally. Second, reinsurance costs have risen due to catastrophic events, inflation, and selective reinsurance. Third, underinsurance is a concern, with many business owners needing to adjust their policy limits.
Farmers Group’s New CEO Says Employees Can’t Work Remotely
After insurance-industry company Farmers Group told employees last year that most of them would be remote workers, many made significant lifestyle changes in response to the policy.