Around the P&C insurance industry: June 12, 2024
Insurance industry news from Alta Signa, CoreLogic, Hub International Limited and more is featured in this weekly update.
Alta Signa Europe B.V. opened its new office in Switzerland, marking a significant milestone in the company’s expansion strategy in the DACH region.
Devonshire UW Limited and Devonshire UW Europe GmbH announced its approval from Lloyd’s to write business in Europe and its official launch into the European market.
CoreLogic has introduced CoreLogic Restoration | Mitigate, a water loss documentation tool that has been completely reimagined and designed with technicians in mind. Designed by a team of restoration industry professionals, Mitigate delivers a powerful workflow platform that optimizes loss documentation to match the order of operations in the field while maintaining compliance, accuracy, and efficiency.
McCrary-Daniels Insurance Agency partnered with PointeNorth team. McCrary-Daniels Insurance Agency has two locations in Douglas, Georgia. The company, which specializes in property and casualty insurance, serves the needs of both personal and business customers. The company is led by Henry R. (Randy) Stallings, Jr., Owner/Managing Member; and Johnathan H. (John) Day, Owner. McCrary-Daniels Insurance Agency will continue to operate under its own brand while gaining access to additional products and services through PointeNorth that will enhance overall customer experience.
Hub International Limited has acquired GMG Group, Inc. and its subsidiary, Meyers Glaros LLC. Terms of the transaction were not disclosed. Located in Merrillville, Indiana, Meyers Glaros is one of the oldest independently owned insurance brokerages providing commercial and personal insurance and employee benefits services.
LexisNexis Risk Solutions launched LexisNexis ThreatMetrix for Insurance Quotes, a tool designed to help insurers and consumers guard against the rising fraud activity and bot attacks plaguing several sectors. The latest ThreatMetrix report reveals that digital fraud attacks have increased by over 43% year-over-year, as recorded by the LexisNexis Digital Identity Network. As bot attacks become more prevalent and advanced, integrating ThreatMetrix for Insurance Quotes can improve detection management to help organizations protect consumer data and defend against data breaches.
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