| Today's Headlines | August 5, 2022 |
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The agent portal used to be the epitome of a great tech-enabled relationship between carriers and agents. But then things started to change. Customers are looking for a more seamless experience, and agents want to limit the number of screens they use to service a single client. For agents that represent multiple insurance carriers, entering... read more | | |
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Insurance pricing is an imperfect process. It's been gradually refined over countless iterations of product revisions through hundreds of thousands of regulatory filings. Insurers have used different methodologies, data sources and strategies to help them understand how to establish pricing mechanisms that account for variability in the marketplace. Today, more than ever, major changes in... read more | | |
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Insurance systems can be mind-bending. Those of us who work in IT or develop insurance systems have a lot in common with science fiction writers. We are always looking to envision and accomplish what has not yet been done. We look at systems that are ... read more | | |
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Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second quarter compared with a net income profit of about $1.6 billion during the same period a year ago. The Northbrook, Ill.-based insurer... read more | | |
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The hurricane research team at Colorado State University has slightly lowered its outlook for the Atlantic hurricane season but is still calling for above-average action. The CSU Tropical Meteorology Project team is now predicting 18 named storms in 2022, including the three named storms that have already formed (Alex, Bonnie and Colin). Of the 15... read more | | |
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The 2022 wildfire season promises to be another record-breaker. Roughly 2 million acres burned last month, and major fires are currently scorching Idaho, Utah and California, threatening tens of thousands of Americans' homes and livelihoods. Many of those at risk are lower-income Americans who face canceled homeowners insurance policies and rising premiums, according to new... read more | | |
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The insurance industry is facing increasing inflationary pressures, with many experts predicting a continued rise in inflation over the next few years. This has led insurance carriers to think about how to manage its impact and build strategies to counter any concerns. On the most recent episode of Carrier Management's Strategy Sessions, airing on Aug.... read more | | |
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| | For many carriers, providing an exceptional digital experience for agents is a ... read more | |
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| | With all the technology available today, "going digital" might sound easy. But ... read more | |
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| | AI underwriting is here: Are you ready? What do you think of when you think of ... read more | |
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| | A.I. Detects Fraudulent $13,000 Pizza Oven, Saves 30 Minutes per Claim. IAG ... read more | |
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| | Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ... read more | |
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