Zenith Insurance Company

CAC Specialty | March 20, 2020

CAC Specialty has entered into a strategic partnership with funds managed by affiliates of Fortress Investment Group. The strategic relationship allows CAC Specialty to help with the capital needs of its clients with their acquisitions, recapitalizations, growth capital and other financing transactions. Fortress is ready to offer short-term financing for CAC clients experiencing liquidity pressure due to both the direct and indirect impact of the COVID-19 pandemic. “During this challenging...

Insurance Business Magazine | March 13, 2020

With the coronavirus outbreak declared a global pandemic by the World Health Organization, travel insurance coverage for coronavirus is limited, according to comparison site Squaremouth. As of Wednesday, three travel insurance providers on Squaremouth were still offering policies that may include cancellation coverage for travelers who contract the virus, or are quarantined, and unable to travel as planned, the company said. Those policies may also include interruption benefits for travelers who...

Risk Management, Compliance

PRnewswire | April 03, 2023

Shift Technology, a provider of artificial intelligence-based decision automation and optimization solutions for the insurance industry, and Direct Assurance, the French leader in direct insurance, which offers auto, motorcycle, home and health insurance, and is a 100% subsidiary of the AXA group, today announced their renewed collaboration. Initiated in 2018 to fight auto insurance claims fraud using Shift Claims Fraud Detection, the relationship now extends its scope to cover home insura...

Claims, Risk Management

Shift Technology | March 16, 2023

Shift Technology, a leading provider of AI-driven solutions for the insurance industry, announced on March 15, 2023, that General Insurance Association of Singapore (GIA) would be expanding its use of Shift Claims Fraud Detection to assist its member insurers in detecting travel insurance fraud. This strategic expansion is a testament to the success of General Insurance Association of Singapore's (GIA) Fraud Management System (FMS). This move comes at an opportune time, with...