USI Recognized as Top Insurance Workplace by Insurance Business America

Valhalla, NY, Aug. 20, 2018 (GLOBE NEWSWIRE) — USI Insurance Services (USI), a world leader in insurance brokerage and risk management, announced today that it has been recognized as a “Top Insurance Workplace” by Insurance Business America (IBA) for 2018. IBA’s inaugural Top Insurance Workplaces program, recognizes leading U.S. insurance organizations based on a series … Continue reading “USI Recognized as Top Insurance Workplace by Insurance Business America”

Zurich Expands Global Use of Guidewire InsurancePlatform with Selection of Guidewire Cyence Risk Analytics

FOSTER CITY, Calif.–(BUSINESS WIRE)–Guidewire Software, Inc. (NYSE: GWRE), the provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that Zurich Insurance Group (Zurich) has selected Guidewire Cyence™ Risk Analytics (Cyence) to leverage the cyber risk knowledge and insights the solution provides to help the company prospect, underwrite, and price risks. … Continue reading “Zurich Expands Global Use of Guidewire InsurancePlatform with Selection of Guidewire Cyence Risk Analytics”

Garage Liability Insurance

What is ‘Garage Liability Insurance’ Garage liability insurance is specialty insurance targeted to the automotive industry.  Automobile dealerships, parking lots or parking garages operators, tow-truck operators, service stations, and customization and repair shops will add garage liability insurance to their business liability coverage. The policy protects property damage and bodily injury resulting from operations. This insurance is not … Continue reading “Garage Liability Insurance”

A.M. Best Affirms Credit Ratings of American Financial Group, Inc. and Most of Its Insurance Subsidiaries

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Great American Insurance Company and its pooling affiliates, collectively referred to as Great American Insurance Companies (Great American). Concurrently, A.M. Best has affirmed the Long-Term ICR of “a-” and the … Continue reading “A.M. Best Affirms Credit Ratings of American Financial Group, Inc. and Most of Its Insurance Subsidiaries”

A.M. Best Places Credit Ratings of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC Under Review With Developing Implications

LONDON–(BUSINESS WIRE)–A.M. Best has placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC (Halyk-Life) (Kazakhstan). These Credit Rating (rating) actions follow the announcement on 15 August 2018, of the company’s … Continue reading “A.M. Best Places Credit Ratings of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC Under Review With Developing Implications”

A.M. Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its U.S. Subsidiaries

HONG KONG–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of … Continue reading “A.M. Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its U.S. Subsidiaries”

A.M. Best Downgrades Credit Ratings of National Insurance Company Limited; Places Under Review With Negative Implications

SINGAPORE–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b” from “bbb” of National Insurance Company Limited (National) (India). Additionally, A.M. Best has placed these Credit Ratings (ratings) under review with negative implications. The ratings reflect National’s diminished balance sheet strength, … Continue reading “A.M. Best Downgrades Credit Ratings of National Insurance Company Limited; Places Under Review With Negative Implications”

Computer Crime Insurance

What is ‘Computer Crime Insurance’ Computer crime insurance is a type of insurance policy that provides protection from crimes committed through the use of a computer by a company’s employees. Computer crime insurance covers losses that directly result from the use of a computer, and often focus solely on the transfer of property from within … Continue reading “Computer Crime Insurance”

Samenvatting: Zürich breidt wereldwijd gebruik van Guidewire InsurancePlatform uit met selectie van Guidewire Cyence Risk Analytics

FOSTER CITY, Calif.–(BUSINESS WIRE)–Guidewire Software, Inc. (NYSE: GWRE), de leverancier van het brancheplatform Property and Casualty (P&C) vandaag aangekondigd dat Zurich Insurance Group (Zurich) heeft gekozen voor Guidewire Cyence™ Risk Analytics (Cyence) om gebruik te maken van de cyberrisicokennis en -inzichten de oplossing biedt om het bedrijf te helpen prospectie, verzekering en prijsrisico’s. Zürich zal … Continue reading “Samenvatting: Zürich breidt wereldwijd gebruik van Guidewire InsurancePlatform uit met selectie van Guidewire Cyence Risk Analytics”

Zurich étend l’utilisation de la Guidewire InsurancePlatform en sélectionnant Guidewire Cyence Risk Analytics

FOSTER CITY, Californie–(BUSINESS WIRE)–Guidewire Software, Inc. (NYSE : GWRE), fournisseur de la plateforme d’assurances générales (Property and Casualty [P&C]) du secteur, sur laquelle comptent les assureurs, a annoncé aujourd’hui que le Zurich Insurance Group (Zurich) avait sélectionné Guidewire Cyence™ Risk Analytics (Cyence) pour exploiter les connaissances et les perspectives du risque cyber que fournit la solution pour … Continue reading “Zurich étend l’utilisation de la Guidewire InsurancePlatform en sélectionnant Guidewire Cyence Risk Analytics”

Ping An Insurance Set to Reveal Smart City Project

HONG KONG–(BUSINESS WIRE)–One of China’s largest personal financial service groups, Ping An, is debuting its innovative new Smart City and AI initiatives at next week’s China Smart City Expo in Shenzhen, China. As one of the expo’s key organizers, Ping An Insurance will be launching their new “1+N” platform. Through their Smart City initiative, the … Continue reading “Ping An Insurance Set to Reveal Smart City Project”

Zurich Expande el Uso Global de Guidewire InsurancePlatform a Través de la Selección de Guidewire Cyence Risk Analytics

FOSTER CITY, Calif.–(BUSINESS WIRE)–Guidewire Software, Inc. (NYSE: GWRE), proveedor de la plataforma industrial en la que confían las aseguradoras de propiedades / accidentes (Property and Casualty, P&C), anunció hoy que Zurich Insurance Group (Zurich) ha elegido la solución Guidewire Cyence™ Risk Analytics (Cyence) para aprovechar el conocimiento y las perspectivas acerca del riesgo cibernético que … Continue reading “Zurich Expande el Uso Global de Guidewire InsurancePlatform a Través de la Selección de Guidewire Cyence Risk Analytics”

Zurich erweitert globale Nutzung von Guidewire InsurancePlatform mit Auswahl von Guidewire Cyence Risk Analytics

FOSTER CITY, Kalifornien–(BUSINESS WIRE)–Guidewire Software, Inc. (NYSE: GWRE), der Anbieter der Branchenplattform Property and Casualty (P&C), gab heute bekannt, dass sich die Zurich Insurance Group (Zurich) für Guidewire Cyence™ Risk Analytics (Cyence) entschieden hat, um das Cyber-Risiko-Wissen und die Erkenntnisse, die die Lösung bietet, zu nutzen, um das Unternehmen dabei zu unterstützen, Risiken zu erkennen, … Continue reading “Zurich erweitert globale Nutzung von Guidewire InsurancePlatform mit Auswahl von Guidewire Cyence Risk Analytics”

P&C Insurance Outlook: Favorable Operating Backdrop Raises Hope

After a tumultuous 2017, property and casualty (P&C) insurance industry seems well poised on prudent underwriting, better pricing, surplus capital and growing demand for insurance. Last year was the costliest for P&C insurers in terms of catastrophe loss.    Nonetheless, a milder hurricane forecast brings relief to the insurance sphere that suffered heavy losses due to … Continue reading “P&C Insurance Outlook: Favorable Operating Backdrop Raises Hope”

A.M. Best Downgrades and Withdraws Credit Ratings of Kanawha Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb+” from “bbb+” of Kanawha Insurance Company (Kanawha) (Lancaster, SC). The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, A.M. Best has … Continue reading “A.M. Best Downgrades and Withdraws Credit Ratings of Kanawha Insurance Company”

Disability-Income (DI) Insurance

What is ‘Disability-Income (DI) Insurance’ Disability income (DI) insurance provides supplementary income in the event of an illness or accident resulting in a disability that prevents the insured from working at their regular employment. Benefits usually are paid monthly so the insured can maintain their standard of living and continue to pay ordinary expenses. BREAKING … Continue reading “Disability-Income (DI) Insurance”

Riassunto: Zurich espande l’adozione su scala globale della piattaforma InsurancePlatform di Guidewire selezionando la soluzione per l’analisi dei rischi Guidewire Cyence Risk Analytics

FOSTER CITY, California–(BUSINESS WIRE)–Guidewire Software, Inc. (NYSE: GWRE), fornitore della piattaforma settoriale su cui le compagnie assicurative del ramo danni/infortuni fanno affidamento, ha annunciato oggi che Zurich Insurance Group (Zurich) ha selezionato Guidewire Cyence™ Risk Analytics (Cyence) per sfruttare le nozioni e le informazioni strategiche relative ai rischi cibernetici fornite dalla soluzione per aiutare la … Continue reading “Riassunto: Zurich espande l’adozione su scala globale della piattaforma InsurancePlatform di Guidewire selezionando la soluzione per l’analisi dei rischi Guidewire Cyence Risk Analytics”

Excess and Surplus Coverage from Prime Insurance Company Now Available in California

CHICAGO–(BUSINESS WIRE)–Prime Insurance Company — a leader in excess and surplus lines insurance — announced today that it has been added to the List of Approved Surplus Line Insurers in California. Prime can now offer property and casualty coverage in all 50 of the United States and certain of its territories. “After several months of … Continue reading “Excess and Surplus Coverage from Prime Insurance Company Now Available in California”

Health Insurance Innovations Hits 52-Week High on Solid Q2

Shares of Health Insurance Innovations, Inc. (HIIQ – Free Report) hit a new 52-week high of $51.60 on Aug 16, gaining traction from strong first-quarter 2018 earnings. About 0.4 million shares exchanged hands in the last trading session and the stock finally closed at $51.10. The company’s return on equity has been an impressive 30.6% … Continue reading “Health Insurance Innovations Hits 52-Week High on Solid Q2”

Called to Account: New accounting rule aims to solve problem highlighted by GE’s multi-billion-dollar insurance loss

General Electric’s $6.2 billion hit to income in January to catch up on losses on long-term care insurance contracts highlights the problem accounting standard-setters now say will be solved with some new rules, set to take full effect in 2021. See also: GE shocks market with multibillion-dollar loss in legacy reinsurance business The Financial Accounting … Continue reading “Called to Account: New accounting rule aims to solve problem highlighted by GE’s multi-billion-dollar insurance loss”