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 …
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 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 …
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 …
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 …
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 …
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, …
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 …
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, …
AIG Announces Changes to its Organizational Structure American International Group, Inc. announced it’s plan to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter …