Allianz News

UK Watchdog Aims For July Court Date on Business Interruption Insurance

LONDON — Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The Hiscox Action Group, which is seeking to …

Aging Holocaust Survivors Try to Sue Over Nazi-Era Insurance

AVENTURA, Fla. — When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in …

Fire and Hail Push Insurers to Rethink Climate Change Risks

LONDON — By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is …

Dogs are No. 1 at Causing Insurance Claims, but Bedbugs a Growing Menace

Dogs remain the undisputed champions at generating insurance claims, deer, birds and cats are doing their amount of mayhem as well, and bedbugs are a growing liability for insurers, according to a review of 470,000 insurance claims over five years …

Allianz Policy Protects Wind Farmers’ Revenue

Wind farm operators can’t predict the weather. But they can hedge it. Investment manager Nephila Holdings Ltd. and insurance giant Allianz SE have banded together to offer an insurance policy of sorts to wind farm developers known as a “proxy …

Allianz Keeps Market Guessing With Acquisition Possibilities

A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer Oliver Baete …

Business News: TrueMotion, INRIX, Enservio, Allianz, AGCS, ParaZero

TrueMotion, INRIX Partner to Deliver Contextual Driving Data to Insurers TrueMotion, the leading platform for smartphone telematics, announced a strategic partnership with INRIX, the global leader in connected car services and transportation analytics, to provide contextual driving data to auto …

March Madness Risk Planning Starts Early

Last year’s NCAA Final Four men’s basketball tournament was one of the highest attended and most watched games in the event’s history. According to NCAA.com, attendance totaled 153,780 for the games. In the wake of mass shootings and cyber threats, …

Business News: Allianz, HVACi, Nixon & Company

Allianz Global Corporate & Specialty Acquires Renewal Portfolio of Product Recall Business from Liberty Mutual in the U.S. Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced it is acquiring the renewal portfolio of Liberty Mutual Insurance’s …

Aerial Imaging, Machine Learning Speed Hurricane-Related Damage Assessments

In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage in several states. The use of aerial imaging combined with machine learning has led to speedier claims resolution, …