AF Group Expands Into Commercial Auto AF Group announced its expansion into commercial auto insurance with the launch of Fundamental Underwriters, a new product aimed at providing superior insurance coverage for accounts with specialty risks. Fundamental Underwriters is a managing …
Dorado, Puerto Rico, Feb. 13, 2018–Blue roofs are visible in the town of Villa Santa in the municipality of Dorado. FEMA/K.C. Wilsey While aerial imagery offers the broadest range of images with the highest refresh rates, it isn’t usually at …
Insurers are increasingly using drones to inspect property damage, according to Cory Shelton, head of UAV Technology at Geomni, a Verisk business. In a recent interview with Claims Journal, he explained the pros and cons of using drones for property …
Sedgwick has finalized the purchase of global loss adjusting, claims management and risk solutions firm Cunningham Lindsey and its subsidiaries. The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with select exceptions—will move toward operating globally under the …
In recent decades, extreme winter weather has become more strongly connected to disruptions in the polar vortex, according to a new study from Atmospheric and Environmental Research (AER), a Verisk business, and Rutgers University, published in Nature Communications. It revealed …
QBE North America Adds Breach Plan Services to Cyber Policies QBE North America, an integrated specialist insurer, announced the inclusion of data breach planning services in all cyber policies, giving policyholders a simplified approach to the development of an actionable …
Due to multiple catastrophes during the first nine months of 2017, property/casualty insurers saw profits plummet, according to the latest Verisk report on the state of the industry. Even so, P/C insurers are doing well, said Beth Fitzgerald, senior vice …
Changes in the cyber insurance market are expected to bring challenges to claims departments, according to Tom Johansmeyer, assistant vice president at PCS, a division of Verisk Insurance Solutions. In an interview with Claims Journal, he explained that as the …
One definitive method can show misrepresented commercial use well before a claim ever arises. Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is …
Swiss Re Capital Markets Structures and Places $125M Catastrophe Bond for the FMTAC, a Subsidiary of the MTA Swiss Re Capital Markets has successfully structured and placed the issuance of $125 million of insurance-linked securities by MetroCat Re on behalf …