The Promise of IoT in Commercial Insurance
With IoT, the role of the commercial insurer shifts from risk transfer to an orchestrator of prevention and performance improvement solutions.
How Analytics Is Helping to Curb Insurance Losses
Analytics are now being used to predict the relative likelihood of different loss-producing events at a location.
When One Insurance Claim Is Better than Many
If there are multiple claims, a policyholder may have to pay multiple deductibles.
Disaster Losses Hit Five-Year High of $175B
Some of last year's disasters such as storms in Texas struck areas with high insurance penetration, accounting for a 42% increase in payouts.
Berkshire Hathaway Profit Falls 6% to $4.38B
"Our expectation is that investment gains will continue to be substantial — though totally random as to timing," Chairman Warren Buffett said.
Many Companies Taking a Pass on Buying Cyber Insurance
Lack of a standard language, concern over potential coverage gaps, and uncertainty over the value of policies are making businesses wary.
$5.6B Charge Dims AIG Turnaround Hopes
The charge to cover possible future claims was larger than analysts expected and led to a net loss of $3.04 billion in the fourth quarter.
The Rising Risk of Being CFO
The drive to combat corporate misconduct is making it a dangerous time to be a finance chief.
Allstate Buys Warranty Seller SquareTrade
The $1.4 billion acquisition of the provider of protection plans for electronics continues Allstate's push to serve connected consumers.
Zenefits Fined $7 Million Over Insurance Sales
A California regulator says the HR software startup cut licensing corners so it could expand more quickly in the insurance market.