Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, recently announced the acquisition of Phoenix, Arizona-based Lovitt & Touché, one of the state’s largest independent insurance agencies

Oklahoma Farm Bureau Insurance, the state’s largest domestic insurance provider, and Guidewire Software, Inc., provider of the industry platform Property and Casualty (P&C) insurers rely upon, recently announced that OKFB Insurance will leverage Guidewire InsuranceNow, a core component of Guidewire InsurancePlatform, delivered as a Software-as-a-Service (SaaS) solution via Guidewire Cloud

FAST, a leading software company for the insurance industry, announced today that AAA Life Insurance Company (“AAA Life”) has licensed FAST Insurance Components to serve as its core new business and policy administration system (PAS) for life insurance and annuities. “In our current environment, far too much of our spending on digital initiatives is allocated to retrofitting our legacy systems. AAA Life selected FAST because its technical architecture and robust out-of-the-box functionality can allow

Kroll Bond Rating Agency (KBRA) releases a research report on the rising risks of tornadoes. As the reporting of tornado events increases, KBRA believes the enhanced exposure to these severe weather events warrants greater implementation of tornado risk in companies’ cat models. In the report, KBRA notes the start of spring marks the beginning of peak season for tornadoes. The reminder came a little earlier than usual this year when a powerful tornado, which

The Hartford is enhancing its multinational capabilities with the launch of The Hartford Global Insurer Network, a directly-managed network of insurer partners backed by a new global technology platform