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 …
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 …
New York City is taking legal action against online retailers selling dangerous motorized devices — including high-speed e-bikes, stand-up e-scooters and other products that cannot legally be operated on the city’s streets. Mayor Zohran Kwame Mamdani said the city has …
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 …
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 …
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 …
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 …
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 …
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 …
A typhoon that struck the Chinese coast on Sunday is steadily weakening after making landfall, but is set to bring widespread heavy rain through this week that could threaten crops. Typhoon Dolphin has weakened to a tropical storm after making …