On Monday night, the city council reluctantly approved applying for grant funding for a climate risk assessment, intending to secure up to $70,000. This funding would cover 85 percent of the project costs associated with hiring consultants to conduct the assessment. The remaining $12,500 would be
The professional indemnity (PI) insurance market has encountered significant changes as rates dramatically decrease due to mounting competition from new entrants like Managing General Agents (MGAs). According to Clyde & Co's latest report for 2024, which gathered insights from underwriters,
In a significant strategic move, Optalitix, a specialist in data analytics solutions, has partnered with PwC to enhance implementation services for its underwriting and pricing platform, Optalitix Quote. This collaboration specifically aims at insurers operating within the London Market, especially
Choosing the right smartwatch can be a daunting task, especially with the myriad of options available in the market. With devices that promise everything from advanced fitness tracking to seamless smartphone integration, the choices can seem endless. The NBC Select team has tested over a dozen
Federated learning (FL) is a revolutionary machine learning technique that has emerged as a powerful tool for enabling multiple entities to collaboratively train models while keeping their data decentralized. This approach is especially relevant in the realm of regulatory technology (RegTech),
In the evolving landscape of recreational drone piloting, the necessity for proper protection has never been more pronounced. Moonrock Drone Insurance, recognizing this need, has partnered with Hiscox to extend its comprehensive insurance coverage to hobbyist and recreational drone pilots. This
The newly announced co-insurance partnership between Policy Expert, Bridgehaven, and Accredited marks a significant step in Policy Expert's growth strategy, enabling the company to enhance its capacity portfolio and broaden its product offerings within the insurance sector. This collaboration is
In an era where financial institutions demand cutting-edge solutions that marry innovation with stringent regulatory compliance, Pints.ai has launched a groundbreaking platform known as Autothought. This platform, designed with a privacy-first approach, is set to transform insurance workflow
AXA UK's comprehensive research unveils that over half of respondents feel unprepared to handle potential flooding or heat-related damage, raising critical concerns about the future of England's housing amidst climate change. The study synthesized publicly available data and AXA UK's claims
The financial implications of recent hurricanes on Universal Insurance Holdings are substantial, with expectations of significant gross losses due to three major hurricanes that recently struck the United States. Authored by Kassandra Jimenez-Sanchez and published on October 29, 2024, in
