ISO News

Business News: The Hartford, ISO, Alliant

The Hartford Launches Apprenticeship Program To Prepare Students For Careers In Insurance The Hartford has partnered with the Connecticut Department of Labor, Arizona Department of Economic Security and local community colleges to launch an insurance apprenticeship program. The program will …

Insurers Must Report Terrorism Data by May 15

ISO will collect, aggregate, and help analyze terrorism data for the U.S. Department of the Treasury that, starting this year, will be required from insurers participating in the federal Terrorism Risk Insurance Program (TRIP). ISO is a Verisk Analytics business. …

How Data Analytics Helps to Control Workers’ Comp Claims and Costs

Several challenges unique to workers’ compensation claims highlight the benefits of a robust data analytics system, according to a panel of experts who presented on the subject during Verisk Insurance Solutions’ Monday webinar series. Underwriting new risks, managing medical provider …

Business News: Nationwide, ISO, CLARA Analytics

Nationwide to Hire 1,000 Veterans By End of 2020 Nationwide announced plans to hire at least 1,000 more veterans by the end of 2020. In 2012, Nationwide set a goal to recruit and hire 1,000 veterans. In April, Nationwide reached …

Business News: ISO, Erie Insurance, Verisk Analytics

ISO Announces New Miscellaneous Professional Liability Program ISO, a Verisks Analytics business, announced a new Miscellaneous Professional Liability Program to help insurers cover one of the fastest-growing sectors of the U.S. economy. The professional services industry in the United States …

Business News

AIR Releases Industry’s First Open Source Cyber Scenario Catastrophe modeling firm AIR Worldwide announced it has released the industry’s first open source deterministic cyber risk scenario. AIR plans to release a series of deterministic cyber scenarios over the next 12 …

Business Moves

Chubb Launches North America Small Commercial Insurance Division Chubb announced the launch of its Small Commercial Insurance division for North America. The division brings together a team of product and service professionals to provide a broad range of management and …

ISO to Collect Terrorism Insurance Data for U.S. Treasury Department

ISO will collect, aggregate, and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of the federal Terrorism Risk Insurance Program. ISO, a Verisk Analytics business, will collect …

Business News

Aspen Group Announces Acquisition of AgriLogic Insurance Services, LLC Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services, LLC and certain affiliates for cash in a transaction that further diversifies Aspens’s specialty insurance business. AgriLogic, headquartered in Kansas, is a …

P/C Insurer Profits Grew by $5B in First Half of 2015 Compared to 2014

Private U.S. property/casualty insurers’ net income after taxes grew to $31.0 billion in first-half 2015 from $26.0 billion in first-half 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing to 9.2 percent …