"XactSource now gives the mid-market carrier the ability to level the playing field and compete in any insurance market they choose in terms of insurance products, state implementations and product distribution channels," said Steve Addair, president of Discoverture. "XactSource will reduce IT expense ratios and simultaneously scale resources to meet the business demand for services."
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Insurance payouts for Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd's of London Chief Executive Officer John Neal.
March 28 -
Telematics data class action; NHTSA grants for state crash data collection and more legal news.
March 28 -
With its checkered history of risk placement process modernization fading away, the London Market is now pushing towards a bright new data future.
March 27Ebix Europe -
Property and climate risk solution provider's new product pairs property data and AI assessments of roof images.
March 27 -
A series about Insurtech 2.0 as an evolution and movement, the data management foundations, and how advances will improve claims and underwriting.
March 27 -
A tanker bound for Sri Lanka hit a pylon on the Francis Scott Key Bridge in Baltimore, causing it to collapse in seconds. What are the insurance implications?
March 26