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| | | | | | | Over-pricing policies? Under-pricing? | | | | Inaccurate pricing is a recipe for disaster. Our webinar demonstrates how to use geospatial tech / data to enhance underwriting and price more precisely. | | | | | | | | Korem - The Geospatial One-Stop Shop | | |
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| Today's Headlines | January 28, 2022 |
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| Even though representatives of Lloyd's of London prepared the world for the news last year, last week's headlines prompted some stunned reactions. One of those headlines—"Lloyd's Weighs Future of Headquarters as Market Embraces Flexible Working"—introduced an article posted on Carrier Management's website. "Oh noooooo....!!!!!" wrote one commenter on LinkedIn, giving a two-word response to someone's... read more |
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| If homeowners insurance carriers weren't facing enough issues this year, here's one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives are cautiously optimistic about the idea, but a few are wondering what a bitcoin mortgage could mean for policies and escrow accounts, particularly if the currency loses value.... read more |
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| For years, many insurance carriers have measured the success of their online customer acquisition efforts with cost-per-quote (CPQ) metrics. But while CPQ is certainly better than not tying your marketing performance to any kind of user action, it still leaves you a ways away from ...read more |
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| Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The five-year loan will carry an interest rate of term SOFR + 9 percent. In conjunction with the term loan, Root issued BlackRock warrants... read more |
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| Digital home insurance company Kin Insurance Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The parties cited "current unfavorable market conditions" for the termination. In December, Kin, which targets catastrophe-prone areas including Florida, California, Georgia and Louisiana, said it had acquired an... read more |
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| The city council in San Jose's, Calif., voted on Tuesday to become the nation's first city to require gun owners to purchase insurance coverage. Funds from an accompanying annual fee of $25 will go toward reducing gun violence. Mayor Sam Liccardo following the vote issued a statement outlining some of the planned funding from the... read more |
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| Cyber insurance and security provider Resilience Cyber Insurance Solutions announced that it has created a captive reinsurance company. Through the captive, Resilience will retain a share of each risk it underwrites. CJ Pruzinsky, executive vice president and chief underwriting officer for North America at Resilience, said creation of the captive comes on the back of... read more |
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| It's a key part of President Joe Biden's plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and try to prevent the problems from happening again—much like a transportation safety board does with plane crashes. But eight months after... read more |
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| Buckle, an InsurTech with a full-stack insurance-as-a-service platform for the gig economy, has announced three key leadership changes: Pedram Afshar has been named chief credit officer. He was previously chief digital and operating officer of New York Life Insurance Company and has executive credit experience from Capital One and USAA. Gordon Ho has been appointed... read more |
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| It's good to be in the E&S market right now. Indeed, E&S typically ...
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| Effective distribution is essential to carrier success, especially as the ...
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| This paper will review the current model of incident response for ransomware ...
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| Strategy Meets Action (SMA) offers insurers insights on advancements in premium ...
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| "Managing agent licensing is a business-critical function for insurers and ...
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