Allstate CEO Tom Wilson said the insurer has a “technology-drive strategy, not a strategy supported by technology.” And the next step in the strategy is the build of ALLIE – Allstate’s Large Language Intelligent Ecosystem. Speaking to analysts during a …
The insurance industry is implementing AI in all areas, from underwriting to claims, from catastrophe modeling to itemization of contents. When AI takes on some or all parts of a process where does that leave underwriters, call centers – and …
Organized crime continues to strong arm the cargo industry, as estimated losses more than doubled to $304.6 million while theft incidents across the U.S. and Canada fell 26% year over year. A report from Verisk CargoNet points to organized theft …
Alacrity Solutions Group LLC named Tony Triola chief revenue officer. Triola will oversee Alacrity’s revenue strategy, including business development, sales and customer growth initiatives. He has experience in insurance, including leadership positions at Liberty Mutual and Farmers. He was most …
This edition of International People Moves details appointments at the broker Augment Risk and the managing general agent The Fidelis Partnership. A summary of these new hires follows here. Augment Risk Promotes Cripps in Newly Created Role of Group Head …
Rokstone, the London-based specialty re/insurance managing general agent (MGA), announced that its new Athena Cyber Division has launched a customer and supplier supply chain disruption extension. The solution enhances total supply chain security, covering losses arising from cyberattacks affecting both …
The development of El Niño climate phenomenon might limit catastrophe claims in North America, the CEO of Zurich Insurance said last week after it reported second-quarter results. “What we hear is that this development of El Niño is actually moderating …
When we published our report The State of Web Privacylast November, our central argument was that privacy risk behaves less like a static compliance checkbox and more like cyber risk. Just as security teams track attackers by their tradecraft, brokers …
Virginia, the world’s largest data center hub, has released a long-delayed study that examined the state’s eastern region groundwater supply and the resource-hungry industry’s possible impact on it, finding declines are likely in a critical aquifer due to population growth …
A major earthquake hit Colombia on Monday morning, burying people under rubble and causing severe destruction to buildings and infrastructure in the Pacific region and the central Andes. The magnitude 7.4 tremor struck at 7:34 a.m. local time near the …