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Present and future risks for the rising gig economy

For sharing economy businesses involving vehicles, telematics technology is emerging as a potential solution for managing liability. This technology uses sensors, often integrated into mobile applications, to track driver behaviors such as distance traveled, destination points, and driving quality. Grindle said that telematics data can be used to generate safety…

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Telematics policy draft faces pushback
Paid Insurance

Telematics policy draft faces pushback

Telematics-based pricing, which assesses actual driving behavior rather than proxy data, is an evolving aspect of the U.S. auto insurance industry, said Casey Kempton of Nationwide. In 2023, Maryland’s largest […]

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on Telematics policy draft faces pushback admin November 22, 2024
Higginbotham expands in Alabama with Fitts deal
Paid Insurance

Higginbotham expands in Alabama with Fitts deal

Acquired firm brings 150 years of service in key state

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on Higginbotham expands in Alabama with Fitts deal admin November 22, 2024
IAIS finalizes insurance capital framework
Paid Insurance

IAIS finalizes insurance capital framework

Erin Collins, senior vice president of state and policy affairs for the National Association of Mutual Insurance Companies, said that the recognition of the aggregation method would help avoid unnecessary […]

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on IAIS finalizes insurance capital framework admin November 22, 2024
INSUREtrust appoints new executive VP
Paid Insurance

INSUREtrust appoints new executive VP

The leadership expansion is expected to drive growth and innovation

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on INSUREtrust appoints new executive VP admin November 22, 2024
ACORD strengthens team, launches new placing platform
Paid Insurance

ACORD strengthens team, launches new placing platform

ADEPT Placing offers insurers a one-to-many system for placing event data, from quotation through signed line advice information, while standardizing data format across all broker placing portals. The platform complies […]

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on ACORD strengthens team, launches new placing platform admin November 22, 2024
South Korean insurer secures majority stake in US-based Velocity Clearing
Law about Insurance

South Korean insurer secures majority stake in US-based Velocity Clearing

“With Velocity Clearing’s robust platform and expertise, this acquisition will serve as a springboard for enhancing the global capabilities of South Korea’s leading insurance company. Together with the Velocity Clearing […]

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on South Korean insurer secures majority stake in US-based Velocity Clearing admin November 21, 2024
What are the key trends in cyber insurance heading into 2025?
Law about Insurance

What are the key trends in cyber insurance heading into 2025?

Tasked with navigating an ever-evolving risk environment, the cyber insurance market has distinguished itself by its ability to pivot at speed, alongside its early adoption of proactive products and solutions. […]

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on What are the key trends in cyber insurance heading into 2025? admin November 21, 2024
Aon drives global data and analytics transformation with new appointment
Law about Insurance

Aon drives global data and analytics transformation with new appointment

Aon’s new global chief data and analytics officer In his new position, Roe will lead efforts to integrate artificial intelligence, data strategy, and governance into the company’s analytics platform. He […]

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on Aon drives global data and analytics transformation with new appointment admin November 21, 2024
Aerospace meets insurance: How satellite data is reshaping wildfire risk models
Law about Insurance

Aerospace meets insurance: How satellite data is reshaping wildfire risk models

“We take all of this remote sensing—satellite, drone, aerial point sources, and all of the in-betweens,” Notohamiprodjo said. “We put it into our proprietary ensemble, and that is what allows […]

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on Aerospace meets insurance: How satellite data is reshaping wildfire risk models admin November 21, 2024
Report reveals a major ransomware entry point for cyberattacks
Law about Insurance

Report reveals a major ransomware entry point for cyberattacks

More than 50 active groups preyed on businesses in the past quarter

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on Report reveals a major ransomware entry point for cyberattacks admin November 21, 2024

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