By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down. It was worse than it seemed. Some employees who were already at their desks at Merck offices across the U.S. were greeted by an even more… Continue reading Merck Cyberattack’s $1.3 Billion Question: Was It an Act of War?
Tag: property insurance
The Hartford Expands Internet of Things Capabilities
The Hartford is expanding its Internet of Things (IoT) Innovation Lab and capabilities, bringing together the latest network-connected technology with the company’s expertise, data and risk management to improve workplace safety and help prevent or reduce property damage for its customers. “Connected devices represent an opportunity for insurers to help their customers proactively prevent claims… Continue reading The Hartford Expands Internet of Things Capabilities
Swiss Re Corporate Solutions Launches ONE Form, A Globally Standardized Property Policy
Swiss Re Corporate Solutions improves the customer experience for International Programme and Property clients and brokers by launching ONE Form, a tool that creates globally standardized master and local policies. Use of the ONE Form wording enables the closest possible alignment of master and local policies, while respecting local requirements and expectations. Customers with international… Continue reading Swiss Re Corporate Solutions Launches ONE Form, A Globally Standardized Property Policy
Commercial Insurance Buyers Can Expect Sizeable 2020 Rate Increases: WTW
North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to Willis Towers Watson’s Insurance Marketplace Realities. The report serves as a guide for North American insurance buyers preparing for upcoming insurance program renewals. While Willis Towers Watson reports that capacity is available in all but the… Continue reading Commercial Insurance Buyers Can Expect Sizeable 2020 Rate Increases: WTW
Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
IVANS®, a division of Applied Systems®, today announced the October results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, October experienced an uptick in premium renewal rate change across half of… Continue reading Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
IVANS®, a division of Applied Systems®, today announced the August results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, August experienced an uptick across nearly all of the commercial lines products, except Business Owners Policy which experienced a slight negative change. Year over year, all lines of business experienced… Continue reading Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
Marsh Makes Senior Leadership Appointments
Today Marsh announced senior leadership appointments within its Property and Financial and Professional Liability (FINPRO) Practices. Effectively immediately, Michael Rouse assumes leadership of Marsh’s US Property Practice. He brings more than 20 years of property insurance experience to the position, most recently serving as Marsh’s US Property Placement Leader. Mr. Rouse succeeds Duncan Ellis, who… Continue reading Marsh Makes Senior Leadership Appointments
The Hartford Taps Cape Analytics for Home Data
The Hartford, property and casualty insurer, has partnered with with Cape Analytics to provide AI and geospatial imagery for property intelligence. The new partnership will allow predictive, comprehensive, and AI-based property information for better quoting, renewals and home inspections. Ben Rhodes, head of homeowners’ product for The Hartford, shared “We continue to invest in technology… Continue reading The Hartford Taps Cape Analytics for Home Data
Travelers Customers Can Now Receive Claim Payments via PayPal®
The Travelers Companies, Inc. today announced that its Auto, Property and General Liability customers can now receive claim payments through the digital payments platform PayPal, which provides a flexible, fast and easy reimbursement experience. Travelers’ link to PayPal comes through Global Digital Disbursements, a service provided by Global Transaction Services at Bank of America Merrill… Continue reading Travelers Customers Can Now Receive Claim Payments via PayPal®
Security Top Concern for Renters: Assurant Survey
As summer vacation season kicks into high gear with the upcoming 4th of July weekend and homes are empty for extended periods, a new survey shows that renters are not taking enough precautions to protect their property and valuables, and in fact may be alerting would-be burglars that their homes are unoccupied. According to a… Continue reading Security Top Concern for Renters: Assurant Survey