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U.S. Property-Casualty Insurers Report 66% Increase in Net Income in 2018

May 7, 2019 By CollisionWeek Editor

Net Income After Taxes

Results driven by growth in premiums and decline in catastrophe losses. Private U.S. property/casualty insurers saw their net income after taxes rise to $60 billion in 2018 from $36.1 billion in 2017—a 66.3 percent increase—helped by double-digit premium growth and a significant decline in catastrophe losses, according to Verisk (NASDAQ:VRSK) and the American Property Casualty […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Profitability, Property Casualty Insurance, Verisk

Verisk Acquires UK-Based ClaimsTech Validus-IVC

June 22, 2018 By CollisionWeek Editor

Verisk logo

Verisk (NASDAQ:VRSK) announced it has acquired Validus-IVC, a provider of claims management solutions and developer of the leading subrogation portal in the UK, verify. Validus-IVC has offices in Norwich and Bath, United Kingdom. The integration of Validus-IVC’s verify platform with Verisk’s global claims analytic services will allow customers to take advantage of enhanced analytic and […]

Filed Under: News Tagged With: Acquisitions, Claims Technology, United Kingdom, Verisk

Hyundai Joins the Verisk Usage-Based Insurance Data Exchange

April 17, 2018 By CollisionWeek Editor

Joins General Motors and Honda, increasing reach of the exchange to 32 percent of U.S. auto market. Verisk (Nasdaq:VRSK), the data analytics provider, announced that Hyundai Motor America has signed an exclusive agreement to join the Verisk Data Exchange. As a participating automaker, Hyundai will supply Verisk with driving data from its consenting connected car […]

Filed Under: News Tagged With: American Honda, General Motors, Hyundai, Verisk

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