An updated assessment released Monday of the impact of a massive explosion at a warehouse in Houston that killed two workers and injured 20 others shows that 450 structures, mostly homes, were damaged. The new total is more than double the initial assessment of about 200 damaged structures after the explosion early Friday at a… Continue reading New Assessment Shows 450 Structures Damaged by Houston Blast
Tag: commercial insurance
WTW and eBaoTech Collaborate to Transform Insurance Middle Office Solutions Capability
eBaoTech, a global leading digital insurance solution provider, and Willis Towers Watson, have announced that they will team up to provide a robust, one-stop insurance middle office platform to accelerate digitalisation across the sector. The collaboration will see Willis Towers Watson’s rating engine, Radar Live, integrated with eBaoTech’s middle office platform, InsureMO®, which is designed… Continue reading WTW and eBaoTech Collaborate to Transform Insurance Middle Office Solutions Capability
Global Commercial Insurance Pricing Up 6% in Second Quarter: Marsh
Global commercial insurance pricing increased for the seventh consecutive quarter in the second quarter of 2019, according to Marsh’s quarterly Global Insurance Market Index, a proprietary measure of global commercial insurance premium pricing change at renewal, representing the world’s major insurance markets and comprising nearly 90% of Marsh’s premium. Average commercial insurance pricing increased nearly… Continue reading Global Commercial Insurance Pricing Up 6% in Second Quarter: Marsh
Aon and CoverWallet Announce Commercial Partnership
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, and CoverWallet, the market-leading digital insurance company for small businesses, announced today that they have entered into a commercial agreement to serve clients in Australia. The parties are in the process of expanding this partnership to additional… Continue reading Aon and CoverWallet Announce Commercial Partnership
Lloyd’s Invests in Artificial Intelligence Start-up as Lab Welcomes Second Cohort
Lloyd’s has confirmed it will invest in Layr, a cloud-based commercial insurance platform for small businesses, following a successful trial in the Lloyd’s Lab, which last week welcomed a second cohort of 12 InsurTech start-ups. Layr, which is based in Atlanta, Georgia, participated in the first cohort of the Lloyd’s Lab and used the opportunity… Continue reading Lloyd’s Invests in Artificial Intelligence Start-up as Lab Welcomes Second Cohort
Progressive® Launches New Online Quoting Platform for Small Business Owners
Progressive, a leader in the insurance industry, introduces BusinessQuote Explorer® (BQX), a new, easy-to-use online quoting platform established to help small business owners get accurate insurance quotes tailored to their unique business needs. By simply entering information through the online platform, users will gain access to multiple business insurance quotes in an average of 11… Continue reading Progressive® Launches New Online Quoting Platform for Small Business Owners
Marsh to Begin Rollout of Proof of Insurance Blockchain Platform
Marsh, the world’s leading insurance broker and risk adviser, announced today that it will begin rollout of its Proof of Insurance Blockchain platform to US commercial clients. Originally launched as a proof of concept last April, Marsh’s blockchain-powered Proof of Insurance transforms the process from manual and complicated to automated and streamlined, allowing clients to… Continue reading Marsh to Begin Rollout of Proof of Insurance Blockchain Platform
Lykes Insurance Sold to Tampa-based Baldwin Krystyn Sherman Partners
Tampa insurance brokerage and risk management company Baldwin Krystyn Sherman Partners has bought Lykes Insurance, formed in 1925 as part of the wide-ranging Lykes Bros. agribusiness empire. Terms of the deal, which closed on March 13, were not disclosed. The buyer, which goes by BKS-Partners, has more than 300 employees in offices throughout the Southeastern… Continue reading Lykes Insurance Sold to Tampa-based Baldwin Krystyn Sherman Partners
Beazley US Launches New Small Commercial Package on DRC Policy Platform
Decision Research Corporation (DRC), a technology leader specializing in digital insurance solutions for the P&C insurance industry, is pleased to announce that Beazley has launched their Small Enterprise Business Package on the DRC Policy Platform. In conjunction, they have also launched their Environmental Liability underwriting system and their Beazley Breach Response (BBR) Rater. Beazley’s Small… Continue reading Beazley US Launches New Small Commercial Package on DRC Policy Platform
The Hartford Enhances Multinational Capabilities with New Global Insurer Network
The Hartford is enhancing its multinational capabilities with the launch of The Hartford Global Insurer Network, a directly-managed network of insurer partners backed by a new global technology platform. Through this new network, The Hartford will offer insurance coverage for U.S. companies in more than 200 countries through local and regional partners. “For a U.S.… Continue reading The Hartford Enhances Multinational Capabilities with New Global Insurer Network