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Apollo and Artificial Labs launch algorithmic underwriting collaboration

The collaboration will involve the algorithmic underwriting of risks with a human in the loop for decision verification and portfolio steering.

Marcel Le Gouais, 29 August 2023
Idalia forecast to avoid major population centers, but storm surge a risk

The storm is now forecast to become a major hurricane by Tuesday night. This morning’s advisory update had estimated that Idalia would reach major hurricane status by early Wednesday.

Shelby Rosenberg, 28 August 2023
Everest adds AIG’s McDermott as global insurance chief actuary

In her new position, McDermott will report directly to Everest insurance CEO Mike Karmilowicz, effective immediately.

Jairo Ibarra, 28 August 2023
Idalia heading towards historically ‘hurricane-lucky’, low population-density area: BMS

A major hurricane in any section of Florida that extends into the Southeast states is likely a “multi-billion-dollar” insurance industry event, according to the broker.

Shelby Rosenberg, 28 August 2023
KCC estimates Hilary insured losses at almost $600mn

The estimate includes privately insured damage to residential, commercial and industrial property, as well as automobiles. Boats, offshore properties and NFIP losses were excluded.

Kyoung-son Song, 28 August 2023
Hawaiian Electric slams Maui County’s wildfire lawsuit

The company’s Monday statement is the latest development in a debacle that could potentially lead to a major loss event for the utility company’s casualty insurers.

Kyoung-son Song, 28 August 2023
Tropical Storm Idalia tracking toward the Gulf Coast of Florida: NHC

Idalia is forecast to become a hurricane later today and a dangerous major hurricane over the northeastern Gulf of Mexico by early Wednesday.

Shelby Rosenberg, 28 August 2023
Cyber specialist Trium confirms Watson as head of international underwriting

In late May, this publication revealed the appointment along with Mauro Signorelli’s, who served as head of international cyber at Aspen Insurance.

Jairo Ibarra, 28 August 2023
Higham succeeding Drum as head of Everest Underwriting Partners

The executive has over 20 years of specialty insurance experience and most recently served as Everest’s head of financial and professional lines.

Thorsten Schier, 25 August 2023
Guy Carpenter estimates Lahaina wildfire insured losses could be as high as $6bn

The reinsurance broker said the losses will fall on the higher end of industry loss ranges.

Aisling Finn, 25 August 2023

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