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Today's Headlines January 10, 2022

Building Insurance for the Companies Building the Future

Back in 2015, after working more than 15 years on the underwriting side of the property/casualty insurance business, Chad Nitschke started to become frustrated with the lack of change in the industry. "I just felt like the rest of the world was evolving, but the insurance industry wasn't really keeping pace with a lot of... read more
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Commercial Auto Among Lines With Flattening Rates: 2022 Forecast

Although it wasn't the headline of a commercial insurance broker's market pricing report last week, the report's observation that "commercial auto liability coverage rates are starting to flatten" is telling. Robert Meyers, senior vice president and Property & Casualty Leader for USI Insurance Services, shared the insight about an insurance product line that had projected... read more
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 Brand Spotlight 
The Great Convergence: How P&C Carriers Are Expanding into New Distribution Channels to Meet Consumers Everywhere They Shop

Over the past two years, industry observers have noted a growing trend of both captive agent and insurtech carriers increasing their investments in the independent agent channel. First, Allstate and Liberty Mutual acquired independent agent carriers National General and State Auto, respectively. This signaled a ...read more
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Hackers More Likely to Target Companies That Fake Social Responsibility

Corporations that do not take their vows to address environmental, cultural, social and political issues seriously could be putting a target on their backs for hackers and placing their firms at greater risk of cyber attacks. Hackers are getting more adept at "sniffing out" companies that claim to care about social responsibility but in fact... read more
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Executives on the Move at Arch Re, Guidewire, AXA XL

Arch Reinsurance Company announced several changes to its leadership team that were effective Jan. 1, 2022: Peder Moeller was promoted to chief executive officer. He has nearly 14 years of tenure with Arch and most recently served as chief underwriting officer for Arch Re Co. Jessica Bongiorno was promoted to CUO, Property and Specialty. She... read more
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Deadly Soot Levels Unchecked as Big Oil, EPA Spar Over Regs

A deadly form of soot pollution from U.S. refineries has gone unregulated for decades because of a dispute between the U.S. oil industry and federal environmental officials over how to measure it, according to documents from the Environmental Protection Agency reviewed by Reuters. The delay in addressing so-called condensable fine particulate matter emissions means this... read more
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The Latest Launches From Zurich, Berkley

Zurich has launched a service to help businesses assess and improve their DEI. Berkley has formed a new business to provide excess liability insurance for contractors throughout the construction industry *** Zurich Resilience Solutions (ZRS) in North America is launching a new service to help businesses strategically assess diversity, equity and inclusion in their organization... read more
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Customers Trust Bots That Seem Human

The helpful person guiding you through your online purchase might not be a person at all. As artificial intelligence and natural language processing advance, we often don't know if we are talking to a person or an AI-powered chatbot, says Tom Kelleher, Ph.D., an advertising professor in the University of Florida's College of Journalism and... read more
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Research and Webinars

Explore a new model that has reduced cost of cyber insurance claims

This paper will review the current model of incident response for ransomware ...
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How AI helps mitigate P&C insurance risk

The home improvement boom was an unexpected risk for the P&C insurance ...
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Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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E&S Startups Emerge To Take On Insurance's Biggest Risks

It's good to be in the E&S market right now. Indeed, E&S typically ...
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How Carriers are Managing Licensing & Compliance: New Models for New Times

"Managing agent licensing is a business-critical function for insurers and ...
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Media

A Big Fat 0: No. of Lines With Decreases

InsurTech Newsletter


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