Ross-Gower Limited

Insurance Business America | April 27, 2020

Wildfires and hurricanes from recent years have impacted many homeowners’ and businesses’ ability to find affordable property insurance, but they’re not the only types of weather events that are contributing to a hardening property market. Hailstorms rank as one of the more damaging weather events in the US with 5,382 major hailstorms occurring in 2019 and 4,610 hailstorms in 2018, the latter of which resulted in $810 million in property and crop damage, according to the Nation...

Insurance Technology

Pinpoint | April 21, 2022

Pinpoint Predictive is pleased to announce a new partnership with Ohio Mutual Insurance Group, through which the two organizations will use applied data and analytics to more accurately predict and evaluate loss risk for the mutual insurer. Industry experts estimate that the average U.S. family pays up to $700 in extra insurance premiums each year to account for the $80 billion in losses experienced due to fraud and premium leakage (underpriced policies due to both intentional and...

Texas Mutual Insurance | April 09, 2020

Workers’ compensation provider Texas Mutual Insurance Company has announced that its board of directors has voted unanimously to distribute $330 million in policyholder dividends two months early. The company has historically paid dividends in June, but decided to distribute them to qualifying policyholders early in response to the COVID-19 outbreak. About 805 of Texas Mutual’s customers – more than 57,000 business owners – will receive dividends this year, the company sa...

Insurance Technology

NeuralMetrics | September 26, 2022

NeuralMetrics, a provider of fast, actionable commercial lines intelligence for insurance lead generation and underwriting, today announced the launch of MarketEdge, an AI-powered platform to research and filter U.S.-based businesses and markets, prequalify leads, and attain desirable insurance customers. Additionally, the solution evaluates the propensity of businesses to change insurance providers in upcoming renewal cycles, enabling insurers to efficiently add qualified policyholders based on...