Malpractice Insurance Premiums Increased 22%, Despite Fewer Claims October 15, 2021 By Jim Sams The number of malpractice claims filed against hospitals and physicians dropped 14% last year, even as premiums rose 22% on...
Property Insurers Exposed to $12.5B in ‘Silent Cyber’ Losses, Market Analysts Say October 13, 2021 By Jim Sams US property insurers are exposed to $12.5 billion in non-physical cyber losses that are not expected and not priced by...
Aon Says Natural Disaster Insured Losses for First Half of Year Hit 10-Year High July 22, 2021 LONDON — Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021,...
Justice Dept. Sues to Stop Aon’s Purchase of Willis Towers Watson June 16, 2021 WASHINGTON — The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping insurance broker Aon’s $30 billion acquisition...
Claims Process ‘Challenging’ as Insurers Suffer Record Winter Losses, Aon Says May 7, 2021 US insurers suffered record-breaking winter storm losses during the first quarter of 2021 while also grappling with several high-profile cyberattacks,...
Insurer Chubb Offers to Acquire Rival Hartford for $23.24 Billion March 19, 2021 Property and casualty insurer Chubb Ltd on Thursday offered to acquire smaller rival Hartford Financial Services Group Inc in a...
Claims Business: Aon and Praedicat, Sedgwick and CSC, Swiss Re and Iceye March 3, 2021 Aon Teams Up With Praedicat for Emerging Risks Aon is collaborating with Praedicat to develop specialty product liability reinsurance products...
Never Mind COVID, 2020 Was a Catastrophe for US Insurers January 27, 2021 By Jim Sams In case you forgot, the year that just passed brought an unprecedented number of catastrophes — not to mention COVID-19....
Claims Business: Ontellus, Claim Central, BDO, and Aon October 7, 2020 Ontellus Acquires Medical Records Canvassers Ontellus, a nationwide provider of claims related data for insurers, has acquired two medical records...
Zesty.ai Refines Fire Risk Model by Adding IBHS Data on Building Materials May 18, 2020 By Jim Sams Zesty.ai, a California insurtech start-up, is hoping to fine-tune fire-risk scores that sometimes can make it challenging for homeowners to...