Furness Underwriting Ltd

Insurance Technology

Farmers Insurance | September 21, 2021

Farmers Insurance® today announced plans to use a digitally controlled mobile robot to assist with in-field catastrophe claims handling and non-catastrophe property inspections, helping to improve the safety and efficiency of both while becoming one of the first national P&C insurers to deploy a robotic quadruped. Created by Boston Dynamics and customized for Farmers®, "Spot" will join claims personnel beginning as early as fall 2021 to help assess dama...

Traveler | April 22, 2020

Travelers has reported a 25% drop in quarterly profit. The company also warned that potential claims for compensation coverage for furloughed and laid-off employees would impact its results for the year, according to a Reuters report. With the coronavirus pandemic weighing on the economy, millions of Americans are now jobless. Travelers said it might see “elevated claims frequency and severity” for its workers’ compensation line of business as states expand workers’ comp ...

Insurance Technology

Encova Insurance, Bold Penguin | January 07, 2021

Bold Penguin, a rapidly growing insurance technology supplier, reports today that it has started revealing a digital commercial insurance solution as a team with Encova Insurance. Encova joins other territorial and public key insurance organizations to offer a quoting experience for entrepreneurs' approaches for its autonomous agents. As the small business space across the United States keeps on moving to digital, the requirement for precise, proficient admittance to commercia...

THG | January 29, 2020

Group Brokerage Insurance Agency (GBIA). The transaction was effective January 01. GBIA is an employee benefits agency that focuses on providing group medical, dental, life, short- and long-term disability, and long-term care insurance. GBIA founder John Siracusa and his team will join THG’s New England operations. “We are excited to join forces with THG,” Siracusa said. “Now, as part of a top-25 national broker with full-service capabilities, we will be able to offer our...