Travelers Announces Strategic Partnership to Streamline Submission and Quoting Processes

The Travelers Companies, Inc. today announced a strategic partnership with Groundspeed Analytics, Inc. to simplify its new business and policy renewal processes through the use of artificial intelligence (AI). The two companies will also collaborate on the design of additional AI capabilities that can provide increased efficiencies through the automation of commercial insurance analytics. Quote… Continue reading Travelers Announces Strategic Partnership to Streamline Submission and Quoting Processes

LendingTree to Buy QuoteWizard.com in a Deal Worth $370.2 Million

LendingTree Inc. late Thursday said it has agreed to buy QuoteWizard.com LLC, an insurance comparison website, in a deal worth $370.2 million, of which $300 million will be in cash. The deal is expected to close in the fourth quarter. QuoteWizard, which offers an online service for people to compare different options for car and… Continue reading LendingTree to Buy QuoteWizard.com in a Deal Worth $370.2 Million