ICBC (Insurance Corporation of British Columbia

Zurich | January 14, 2020

Zurich Insurance Group has got its hopes up as far as commercial insurance pricing is concerned – something the major insurer has not felt in a long while. Current market conditions are helping reverse declining commercial insurance premiums, with the combination of inadequate supply and higher disaster payouts giving providers leverage come renewal time. “The last time this kind of market really existed was in 2002,” Bloomberg cited Zurich’s commercial insurance chief ex...

INSURANCE TECHNOLOGY

Joe Flood | April 04, 2022

The founders of Joe Flood Insurance Brokerage, Inc. (JFIB) announce the full launch of their tech-based flood insurance wholesale brokerage. JFIB was founded by Joe "Flood" Rossi, Art McKinney, and Chris St. George to deliver state of the art flood insurance technology, as well as a consultative underwriting approach to agencies of all sizes. JFIB also announces their status as a coverholder of Chubb European Group, with the unveiling of their own proprietary...

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...

INSURANCE TECHNOLOGY

Title Resources Group | March 30, 2022

Title Resources Guaranty Company, doing business as "Title Resources Group," announced today that the Texas Department of Insurance had approved the formation and funding of its previously announced title underwriting joint venture with Centerbridge Partners, L.P. ("Centerbridge") and Realogy Holdings Corp. The stock of TRG, which conducts underwriting operations, contributes to a new holding company cooperatively owned by the joint venture partners as part of ...