Driverless Cars May Cut Traffic Jams, Not Insurance Premiums - Bloomberg
It turns out robots need insurance too...
www.bloomberg.com
Today's recommended articles
Tough trading times leads to the highest number of trade credit insurance claims since 2009
More than 40 new claims every day in the first quarter of the year as tough trading times continue to bite firms; Amount paid to help UK firms cope with bad debts were at their highest first quarter level...
www.abi.org.uk
Liberty Refused to Pay Ransom After Computer Systems Hacked - Bloomberg
Liberty Holdings Ltd., the South African insurer midway through an overhaul to improve profit, said it refused a ransom demand after hackers breached its information-technology infrastructure...
www.bloomberg.com
Russian state reinsurer shoulders more risk after U.S. sanctions - Reuters
Dozens of industrial plants in Russia have turned to the state's reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere...
uk.reuters.com
Hurricane Irma insured losses nearing $10bn, says Florida regulator
Reflecting the hurricane Irma related loss creep experienced by insurance-linked securities (ILS) funds and reinsurance vehicles, the regulator in Florida has reported a 13% rise in total insured losses...
www.artemis.bm
Bigger and Redder: A Look at Q1 '18 for Lemonade, Other InsurTech Carriers
The three independent U.S. InsurTech startups whose 2017 full-year results we profiled in April continue to grow rapidly in early 2018. But so far that has meant more red ink...
www.carriermanagement.com
Crawford & Company and WeGoLook launch UK services
New enterprise looks to transform handling of claims...
Resistance to change is the traditional market's final hurdle to harnessing InsurTech
This publication has held these InsurTech-focused gatherings for three years, and each year the conversation inches along a bit further...
www.insuranceinsider.com
Wells Fargo Settles Phony Bank Account Scandal for $142M
Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related...
www.carriermanagement.com
Construction market shows tentative signs of rebalance as capacity exits - Commercial Risk
There are tentative signs of a hardening, or at least flattening, in the huge European and global construction insurance market that generates something like €20bn a year in premiums...
www.commercialriskonline.com