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Insurance AI Firm RiskGenius Reports Additional Financing
RiskGenius, which provides natural language tools for improving the quality and accuracy of insurance policies, has completed a Series B financing led by Hudson Structured Capital Management. The company said it has also expanded partnerships with insurance carriers Everest Insurance, …

POSTED JULY 17, 2019 2:15 PM
Financial World’s Blockchain Euphoria Gives Way to Pragmatism as Projects Stall
Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” But the …

POSTED JULY 17, 2019 2:08 PM
Chemical Contamination Found in Wells Near Delaware Air Force Base
Businesses and residents near Dover Air Force Base in Delaware are being provided bottled water after chemical contaminants were found in private wells near the base at levels far exceeding federal health advisory levels. State officials said in a news …

POSTED JULY 17, 2019 1:42 PM
Pie Insurance Begins Providing Workers’ Comp Insurance in New Hampshire
Pie Insurance has begun providing workers’ compensation insurance to small businesses in New Hampshire. It simultaneously announced that it has begun providing workers’ comp insurance in Mississippi, Utah and West Virginia, now offering coverage in 29 states and the District …

POSTED JULY 17, 2019 1:32 PM
Plymouth Rock Assurance to Acquire New Jersey’s Rider Insurance Company
Plymouth Rock Assurance has agreed to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance carrier with $21 million in annual premiums, Rider Insurance was …

POSTED JULY 17, 2019 1:27 PM
Digital Workers’ Compensation Provider Pie Insurance Enters 4 Additional States
Pie Insurance said it has begun providing workers’ compensation insurance to small businesses in Mississippi, New Hampshire, Utah and West Virginia. With these additions, Pie now offers coverage in 29 states and the District of Columbia. In June, Pie Insurance …

POSTED JULY 17, 2019 1:17 PM
Shipping Firms Begin Hiring Unarmed Guards for Voyages in Middle East Gulf
Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said. Relations between Iran and the West are increasingly strained after …

POSTED JULY 17, 2019 12:10 PM
Carolin Appointed CEO of Re/Insurance Industry’s Blockchain Initiative, B3i
John Carolin has been appointed chief executive officer of B3i Services AG (B3i). Carolin previously served as interim CEO since March 2019 after joining B3i as chief financial officer in March 2018. Carolin’s work experience spans the risk transfer industry …

POSTED JULY 17, 2019 11:21 AM
Freak Weather Risks India’s Renewable Energy Goals, Affecting Insurers, Lenders
India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin …

POSTED JULY 17, 2019 10:21 AM
By Taming Big Data with AI, Cytora Aims to Transform Commercial Underwriting
It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making significant inroads toward improving underwriting—ultimately with happier insurance-buying customers. Since its launch in 2014, …

POSTED JULY 17, 2019 8:06 AM

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